Are REOs ready for a comeback?

Are REOs ready for a comeback?

Clear Capital: Increases in distressed, seasonal changes suggest yes

Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index

Monday Morning Cup of Coffee: When will mortgage lending pick up?

Plus, more on the future of Fannie and Freddie
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