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Annaly Mortgage

Annaly Capital Management CEO

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Bayview Asset Management acquiring Pingora Holdings from Annaly Capital Management

And last year, Annaly acquired Hatteras Financial (and therefore Pingora) for $1.5 billion in a deal that created the “the “largest, most liquid and diversified mortgage REIT in the world.”

Now, Annaly is selling Pingora, a specialized asset manager focused on investing in new production performing mortgage servicing rights and servicing residential mortgage loans, to Bayview.

As part of the deal, Bayview will service some number of mortgages on behalf.

In a statement, Kevin Keyes, Annaly’s CEO and president, detailed that portion of the deal and described why Annaly pursued the deal.

“This transaction exemplifies our strategy to partner with industry leaders across our diversified investment platforms to efficiently allocate capital, minimize operating risks and optimize returns for our shareholders,” Keyes said.

“We are pleased to have the expertise Bayview brings as a premier residential mortgage loan servicer for the MSR assets we own through our ongoing joint venture with a leading sovereign wealth fund,” Keyes continued. “This strategic transaction represents the beginning of a unique and compelling partnership for all stakeholders.

0.87 is Annaly Capital Management Inc's (NYSE:NLY) Institutional Investor Sentiment

Annaly Capital Management, Inc. is a mortgage real estate investment trust . The company has market cap of $13.26 billion. The Firm owns a portfolio of real estate related investments. It has a 4.21 P/E ratio. The Company’s investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

About 4.61M shares traded. Annaly Capital Management, Inc. (NYSE:NLY) has risen 6.73% since August 8, 2016 and is uptrending. It has underperformed by 9.97% the S&P500.

Strategic Income Management Llc holds 18.48% of its portfolio in Annaly Capital Management, Inc. for 405,204 shares. Penn Mutual Life Insurance Co owns 1.08 million shares or 8.78% of their US portfolio. Moreover, Stuyvesant Capital Management has 4.38% invested in the company for 203,925 shares. The Illinois-based West Family Investments Inc. has invested 2.39% in the stock. New Vernon Investment Management Llc, a Illinois-based fund reported 135,320 shares.#img1#

The auditors of Annaly mortgage discovered that a lot of fictitious employees were on the payroll system and w?

The auditors of Annaly mortgage discovered that a lot of fictitious employees were on the payroll system and were being paid salaries. Neither the CFO nor the payroll manager was aware of the fraud.


To launder money from the company. Someone in the company added the fictitious employees in order to get money for themselves, possibly the bookkeeper.