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MFA has increased its investment allocation in hybrids, which are adjustable-rate mortgage securities with a fixed interest rate for an initial period of time before converting to a one-year adjustable-rate for the remaining loan term.

MFA's objective is to generate a high level of income from its portfolio of high-quality adjustable-rate mortgage securities and other assets.

MFA's objective is to generate a high level of income while maintaining asset quality and protecting principal invested in its portfolio of high- quality adjustable-rate mortgage securities and other assets.

Capstead's core strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of residential adjustable-rate mortgage securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.

Capstead's core strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.