Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 142

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 142
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%Texas5.6%All other (none individually greater than 5%)34.1%All other (none individually greater than 5%)33.2%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 December 31, 2024 and 2023: December 31, 2024December 31, 2023 PortfolioRangePortfolio WeightedAveragePortfolioRangePortfolio Weighted Average (dollars in thousands)Unpaid principal balance$1 - $4,396$471$1 - $4,396$477Interest rate2.00% - 18.00%6.43%2.00% - 13.25%5.63%Maturity7/1/2029 - 12/1/20642/3/20537/1/2029 - 12/1/20634/22/2052FICO score at loan origination549 - 850758549 - 850758Loan-to-value ratio at loan origination2% - 100%68%3% - 100%68% At December 31, 2024 and 2023, approximately 16% and 11%, respectively, of the carrying value of the Company’s residential mortgage loans, including loans transferred or pledged to securitization vehicles, were adjustable-rate.

7. MORTGAGE SERVICING RIGHTS  MSR represent the rights and obligations associated with servicing pools of residential mortgage loans. The Company and its subsidiaries do not originate or directly service residential mortgage loans. Rather, these activities are carried out by duly licensed subservicers who perform substantially all servicing functions for the loans underlying the MSR. The Company generally intends to hold the MSR as investments and elected to account for all of its investments in MSR at fair value. As such, they are recognized at fair value in the accompanying Consolidated Statements of Financial Condition with changes in the estimated fair value presented as a component of Net gains (losses) on investments and other in the Consolidated Statements of Comprehensive Income (Loss). 

F-15

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

The following table presents activity related to MSR for the years ended December 31, 2024 and 2023:    Mortgage Servicing RightsDecember 31, 2024December 31, 2023