FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
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