Unlike Two Harbors (TWO 0.86%) which dabbles in multiple areas of the mortgage market, Annaly Capital Management (NLY 1.60%) has historically only invested in safe, agency securities -- until now. Annaly has slowly been adding more commmerical, non-agency investments to its portfolio.
Some investors think this is a bad move and another signal that Annaly doesn't have a consistent investment process. In the following video, Motley Fool analyst David Hanson tells Matt Koppenheffer why he isn't too concerned about Annaly's recent moves.
