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    Early in 2015, a group of mortgage bond investors that reportedly included BlackRock, MetLife, and Pimco accused Ocwen Financial of violating its duties as a mortgage servicer by failing to properly collect payments on $82 billion of home loans thereby costing the investors $26 billion. Now, after a yearlong independent investigation found no evidence of the litany of allegations made by the investors, Ocwen is off the hook. Click the headline for the whole story.

Items Tagged with 'Annaly Capital Management'

ARTICLES

Massive REIT Annaly Capital set to get even larger

Hatteras Financial deal makes for the biggest REIT around
In a move that creates a massive mortgage real estate investment trust, Annaly Capital Management announced Monday that it plans to acquire Hatteras Financial Corp. for $1.5 billion. According to a release from Annaly, the deal will make the company the "largest, most liquid and diversified mortgage REIT in the world."
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Higher rates boost Annaly’s earnings

Huge gain compared to losses last quarter
Annaly Capital Management posted a second-quarter GAAP net income of $900.1 million, or $0.93 per average common share. Annaly’s CEO noted that this is a strong reminder of the positive impacts higher rates can have on earnings.
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Annaly CEO Wellington Denahan stepping down

Mortgage REIT chooses company president Kevin Keyes as new CEO
Wellington Denahan, the co-founder, chairman and chief executive officer of the nation’s largest mortgage real estate investment trust, Annaly Capital Management, is stepping down as CEO. Company president Kevin Keyes will take over as CEO.
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