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Annaly Capital Reports Higher Earnings on Servicing and Credit

·5 min read
Annaly Capital Reports Higher Earnings on Servicing and Credit
In this article:
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  • NLY-PG

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.