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Annaly Capital Reports Higher Earnings on Servicing and Credit

Brent Nyitray, CFA, The Motley Fool
·5 min read
Annaly Capital Reports Higher Earnings on Servicing and Credit

With the Federal Reserve planning on reducing its support for the economy, we are entering a dangerous period for mortgage real estate investment trusts (REITs). Mortgage REITs invest heavily in mortgage-backed securities that are guaranteed by the U.S. government, which the Fed has been buying ever since the beginning of the COVID-19 pandemic. Mortgage REITs like Annaly Capital (NYSE: NLY) have been taking steps to insulate themselves from the danger.

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