Company: NLY-PF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023811
Chunk: 225

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 225
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 at fair value through earnings (1)240,830 (84,786)Total included in net income (loss)$656,892 $165,113 (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 March 31, 2025 and December 31, 2024 for the residential mortgage loans, including loans transferred or pledged to securitization vehicles:Geographic Concentrations of Residential Mortgage LoansMarch 31, 2025December 31, 2024Property location% of BalanceProperty location% of BalanceCalifornia39.9%California39.5%New York11.2%New York10.9%Florida9.8%Florida10.1%Texas5.4%Texas5.4%All other (none individually greater than 5%)33.7%All other (none individually greater than 5%)34.1%Total100.0%100.0%The following table provides additional data on the Company’s residential mortgage loans, including loans transferred or pledged to securitization vehicles, at March 31, 2025 and December 31, 2024: March 31, 2025December 31, 2024 PortfolioRangePortfolio WeightedAveragePortfolioRangePortfolio Weighted Average (dollars in thousands)Unpaid principal balance$1 - $4,396$465$1 - $4,396$471Interest rate2.00% - 18.00%6.54%2.00% - 18.00%6.43%Maturity7/1/2029 - 4/1/20654/24/20537/1/2029 - 12/1/20642/3/2053FICO score at loan origination549 - 850758549 - 850758Loan-to-value ratio at loan origination1% - 100%68%2% - 100%68%

At March 31, 2025 and December 31, 2024, approximately 15% and 16%, respectively, of the carrying value of the Company’s residential mortgage loans, including loans transferred or pledged to securitization vehicles, were adjustable-rate. 

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 1.  Financial