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Annaly Mortgage

Annaly Capital Management CEO

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Should You Hold Annaly Capital Management, Inc. (NYSE:NLY ...

Annaly Capital Management, Inc. (NYSE:NLY) closed its last session at $11.73. The stock traded within a range of $11.49 and $11.75. The company operates in the Real Estate sector with a market capitalization of 13.58 Million. Trading volume for Annaly Capital Management, Inc. was 9.61 Million in its previous trading session. Currently, Annaly Capital Management, Inc. (NYSE:NLY) has an average volume of 9.5 Million.

Company Profile

Annaly Capital Management, Inc. owns, manages, and finances a portfolio of real estate related investment securities, including mortgage pass-through certificates, collateralized mortgage obligations (or CMOs) and agency callable debentures. Annaly also manages other securities representing interests in or obligations backed by pools of mortgage loans. The Company wholly-owned subsidiaries offer diversified real estate, asset management and other financial services. Annaly’s principal business objective is to generate net income for distribution to investors from its Investment Securities and from dividends it receives from its subsidiaries. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT).

Western Asset Mortgage Capital Corporation (WMC) & Annaly Capital Management (NLY) Head-To-Head Comparison

About Annaly Capital Management

Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its 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. Its business operations consist of Annaly Commercial Real Estate Group, Inc., which is its subsidiary that specializes in originating or acquiring, financing and managing commercial loans and other commercial real estate debt; Annaly Middle Market

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.