"Mortgage-Backed Securities and Agency Debentures - The Company invests primarily in mortgage pass-through certificates, collateralized mortgage obligations and other mortgage-backed securities representing interests in or obligations backed by pools of mortgage loans, and certificates guaranteed by the Government National Mortgage Association (“Ginnie Mae”), the Federal Home Loan Mortgage Corporation (“Freddie Mac”), and the Federal National Mortgage Association (“Fannie Mae”) (collectively, “Mortgage-Backed Securities”). The Company also invests in agency debentures issued by Federal Home Loan Banks (“FHLBs”), Freddie Mac and Fannie Mae. The Mortgage-Backed Securities and agency debentures are collectively referred to herein as “Investment Securities.”"
Foreclosures on prime mortgages accounted for 33 percent of all foreclosures last quarter, up from 21 percent at the start of the year, the group reports.
I'm impress by the bashers and their reasons....
I guess there should be a contest on desperate posts trying to bring down a certain company.
Next time don't be so fast to short hoping some irrelevant messages will make you money.
Anyway, keep on trying, I got tired watching Comedy Central...
Whatever you do don't base your liquidity decisions on Yahoos Sept 30 balance sheet statement presentation.. They are showing the Iceberg as 69,684,815 billion in cash and cash equivalents. What iT should be according to the SEC filing is 1,723,341 billion..
Some yahoo out there messed up.
This company has a constipated balance sheet..
It needs to take a dump that is classify it's non performing accounts as write-off of bad debts, and present the investors with some realistic values..Not all REITs are presenting fair value statements.. This economy is nothing to be fooled with.. There is a domino effect going on in the crediot markets and for reasons unknown the presentations here don't refelct economic realities.
I will investigate the highlights further..
The 66 billion iceberg needs to get some liquidity, and or take a dump and write off bad mortgages.. What happens when Freddie and Fannie are no longer the darlings of treasury and the printing press?
You can have all the receivables you want, but when it comes to cash to apy bills and getting your dividends and having some future security it is best to err on the side of caution.
Andy-you still have no clue as to who NLY is and what it does. If you honestly believe that NLY has credit risk, your time would be better spent preparing for the end of the United States as we know it. I'll agree all day long that our country has huge problems; too much debt, no leadership in Washington, a terrible currency....... our problems are endless. But if you think the NLY has credit risk you're insane. When a mortgage defaults in an agency security, it passes through to the investor as a prepay. Please learn more before you waste all of our time.
Andynsherri r u mentally impaired? Or do u have a reading disability? Or just blindly bashing? Nly does not need an allowance for bad debt. These r us agency securities and nly Leverage is at an all time low.