Marissa Lobo

“I wanted to ask about the investment portfolio and how you're thinking about the opportunity here. Are Are the new deployment levels attractive enough to grow the portfolio, or is the focus more on securitizing and recycling capital?”

“I just wanted to ask about leverage, just given where wider mortgage spreads are and what you described as favorable repo conditions? How are you feeling about the willingness to add to leverage here, and what is your target range?”

“You characterize the current environment as a compelling forward opportunity. Could you speak to the demand side of that view, just where you see bank demand, GSE buying foreign demand, and who do you see as a marginal buyer of agency MBS at these spread levels?”

“Just following up on the CLO marks, given the increased volatility in CLO returns, how are you thinking about the strategy in higher yielding alt investments? And given the reporting lag, how should we think about the impact of Q2 on next quarter's results?”

“On non-QM, issuance has been very robust. Can you speak to where EFC is differentiating from peers on their origination focus and how securitization execution has been trending on spread?”