Economist: Here's why mortgage supply and demand isn't normal

Economist: Here's why mortgage supply and demand isn't normal

What has recovered or is close to being recovered?

CFPB responds to criticisms of consumer-complaint database program

Bureau answers questions raised by HousingWire, Mercatus and trade groups

Mercatus: CFPB shouldn’t create open consumer-complaint database

Info would be unfair, inaccurate, costly and without statutory authority
W S
Investments / The Ticker

Annaly reports net loss of $203.4 million

spiral stair
/ Print / Reprints /
| Share More
/ Text Size+

Annaly Capital Management (NLY) posted a net loss for the first quarter of $203.4 million, or $0.23 per share, compared to a net income of $1 billion or $1.07 per share for the previous quarter, missing earnings estimates by $0.06.

This is also a drastic fall from a net income of $870.3 million or $0.90 per share for the same quarter in 2013.

The company attributed the decrease from both prior periods to higher unrealized losses on interest rate swaps and interest-only agency mortgage-backed securities and a net loss on trading assets.

Wellington Denahan, chairman and CEO of Annaly, said, “We remain optimistic about the investment landscape in light of the market’s reaction to the Federal Reserve’s ongoing reduction of bond purchases.

“We continue to be flexible with our capital deployment and feel comfortable in our ability to sustain attractive risk-adjusted returns in the quarters ahead,” Denahan added. 

Recent Articles by Brena Swanson

Comments powered by Disqus