ADVFN - Advanced Financial Network.
HOME» NYSE » A » NLY Stock Price » NLY Stock News

Annaly Mortgage Share News

 Annaly Capital Management Stock Price
NLY Stock Price
 Annaly Capital Management Stock Chart
NLY Stock Chart
 Annaly Capital Management Stock News
NLY Stock News
 Annaly Capital Management Company Information
NLY Company Information
 Annaly Capital Management Stock Trades
NLY Stock Trades

Annaly CEO Prepares 'War Chest' As Banks, Hedge Funds Shed Risk

By Al Yoon Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Banks, hedge funds and other financial institutions are "raining assets" on the markets as they reduce risk, countering the Federal Reserve's efforts to stimulate the economy, the head of a mortgage bond investment firm said Wednesday. Annaly Capital Management (NLY) Chief Executive Michael Farrell said the New York-based real estate investment trust has reduced its debt and amassed a $3.5 billion "war chest" to exploit falling asset prices as competitors also race to raise cash by selling assets. Speaking on a conference call, Farrell suggested that investors extrapolate the unwinding of failed firm MF Global over companies or hedge funds that will need to reduce risk on their balance sheets ahead of stiffer regulation. Selling is coming from domestic and foreign sources for a variety of reasons, including avoiding currency risk and avoiding the margin-damping effects that faster home-loan refinancing will have on mortgage-backed securities, he added. "It's raining assets," Farrell said. "And you want to be (as) bulletproof as you can be during that period." The selling is so deep that higher-yield spreads are likely "here for a while," which is hurting the Fed's ability to affect the market by keeping interest rates low, he said. Later Wednesday, Fed Chairman Ben Bernanke said the Fed stood ready to provide additional support to the weak U.S. housing market. More purchases of mortgage-backed securities were a viable option, and would be considered if conditions were appropriate, he said. Annaly on Tuesday reported a loss of $922 million last quarter. Excluding unrealized gains or losses on derivatives, net income was $623 million. -By Al Yoon, Dow Jones Newswires; 212-416-3216; albert.yoon@dowjones.com

Stock News for Annaly Mortgage (NLY)
DateTimeHeadline
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Eliminations
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Purchases -2-
11/15/201308:22:24Janus Capital Management 3Q 13F: Largest Purchases
11/15/201307:07:30Two Sigma Investments 3Q 13F: Largest Eliminations
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Sales
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Purchases
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Eliminations -2-
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest -2-
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Holdings As Of -2-
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest Purchases
11/15/201307:04:49Bridgewater Associates LP 3Q 13F: Holdings As Of Sep 30
05/29/201313:40:14Mortgage REITs Hit 52-Week Lows on Rate Fears
05/20/201318:17:19CIT Group Executive Votek Joining Annaly as Chief Administrative...
01/31/201308:12:47Annaly Capital Reaches Deal to Buy Rest of CreXus After Raising...
11/16/201217:07:36Mortgage REITs Benefit From Bond, Equity Drops, Analysts Say
11/12/201209:09:49U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
11/12/201207:17:42Annaly Offers to Buy Remaining Crexus Stake
10/21/201217:36:14Annaly Capital Management Co-Founder Michael Farrell Dies
05/29/201218:16:16Real Estate Executives Receive Record Pay In 2011
11/03/201115:48:37Two Harbors Still Sees 'Big Wildcard' On Mortgage Refinancing

Annaly Mortgage and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad