MFA Financial(MFA) - 2022 Q4 - Earnings Call Transcript

Yes, sure. In terms of like non-QM versus agency, I guess, over the past year where we've seen relating to speeds and the like, agency speeds have dropped probably a little bit more significantly than non-QM because the non-QM borrower still may have an opportunity to get a conforming loan if they're -- if they're able to cobble together the documentation to qualify for that type of mortgage. So we've seen on our portfolio over the last quarter, the speeds dropped but it was still sort of 7% CPR, where you ...