Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 141

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 141
---
 resistant facilities and in a manner consistent with the standard of care employed by prudent mortgage loan document custodians. At or prior to the funding of any residential mortgage loan, the related seller, pursuant to the terms of our mortgage loan purchase agreement, must deliver to the custodian, the mortgage loan documents  including the mortgage note, the mortgage and other related loan documents. In addition, a complete credit file for the related mortgage and borrower must be delivered to the subsidiary prior to the date of purchase.

F-14

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

The following table presents the fair value and the unpaid principal balances of the residential mortgage loan portfolio, including loans transferred or pledged to securitization vehicles, at December 31, 2024 and 2023:December 31, 2024December 31, 2023 (dollars in thousands)Fair value$25,520,090 $15,660,706 Unpaid principal balance$26,297,725 $16,611,204 The following table provides information regarding the line items and amounts recognized in the Consolidated Statements of Comprehensive Income (Loss) for December 31, 2024 and 2023 for these investments:For the Years EndedDecember 31, 2024December 31, 2023 (dollars in thousands)Interest income$1,282,941 $703,838 Net gains (losses) on disposal of investments (1)(10,761)(5,049)Net unrealized gains (losses) on instruments measured at fair value through earnings (1)(15,333)374,764 Total included in net income (loss)$1,256,847 $1,073,553 (1) These amounts are presented in the line item Net gains (losses) on investments and other in the Consolidated Statements of Comprehensive Income (loss).The following table provides the geographic concentrations based on the unpaid principal balances at December 31, 2024 and 2023 for the residential mortgage loans, including loans transferred or pledged to securitization vehicles: Geographic Concentrations of Residential Mortgage LoansDecember 31, 2024December 31, 2023Property location% of BalanceProperty location% of BalanceCalifornia39.5%California40.1%New York10.9%Florida10.6%Florida10.1%New York10.5%Texas5.4