Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 256

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 256
---
2024: September 30, 2025December 31, 2024 PortfolioRangePortfolio WeightedAveragePortfolioRangePortfolio Weighted Average (dollars in thousands)Unpaid principal balance$1 - $4,396$463$1 - $4,396$471Interest rate2.00% - 18.00%6.66%2.00% - 18.00%6.43%Maturity9/1/2029 - 10/1/20659/26/20537/1/2029 - 12/1/20642/3/2053FICO score at loan origination549 - 850760549 - 850758Loan-to-value ratio at loan origination1% - 100%67%2% - 100%68%At September 30, 2025 and December 31, 2024, approximately 14% 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. At September 30, 2025, the aggregate fair value and unpaid principal balance of loans ninety days or more past due and in nonaccrual status was $423.1 million (of which $384.9 million has been pledged or transferred to securitization vehicles), and $426.2 million, respectively.  The non-accrual balances represent approximately 1% of the total loan portfolio. The weighted average loan-to-value ratio at loan origination for loans in non-accrual status was 73%. The recorded investment of residential mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to the requirements of the applicable jurisdiction was $181.2 million at September 30, 2025.

13

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 1.  Financial Statements

 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 Consolid