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Annaly held garage sale last weekend; New York Mortgage hit with margin calls
Seeking Alpha ^ | 3/24/2020 | Stephen Alpher

Posted on 03/23/2020 11:46:17 PM PDT by Vince Ferrer

No doubt noticed by the Fed and likely among the reasons for their emergency action this morning, Annaly Capital (NYSE:NLY) attempted to unload more than $400M of MBS this weekend to meet margin calls, reports Bloomberg.

Apparently there were a number of mREITs (and other leveraged MBS players) doing the same, but Annaly is the sector giant. According to the story, Annaly was able to sell about $100M in non-agency MBS. Shares were off 10.55% in the regular session today; they're up 5.25% after hours.

(Excerpt) Read more at seekingalpha.com ...


TOPICS: Miscellaneous
KEYWORDS:
mREITs (Mortgage Real Estate Investment Trusts), which are the high caffeine version of the more stable real estate investment trust, are having severe problems at the moment. The problem is due to their leverage, and now they are having to unload because of margin calls. I don't know how much this will have an effect on the larger real estate market.

Margin Call - Senior Partners Emergency Meeting

Margin Call - Fire Sale

1 posted on 03/23/2020 11:46:17 PM PDT by Vince Ferrer
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To: Vince Ferrer

Good post. Thanks


2 posted on 03/23/2020 11:50:51 PM PDT by Varsity Flight (QE 2020. All Quiet on the Western Front)
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To: Vince Ferrer

Bookmark


3 posted on 03/23/2020 11:55:28 PM PDT by Chgogal (Wuhan Virus, Chinese Virus, Kung Fu Virus - Wuhan Chinese Kung Fu Virus aka CCP virus.)
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To: Vince Ferrer

Bump
To Read Later


4 posted on 03/24/2020 12:00:08 AM PDT by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: Vince Ferrer

Ass money?

I don’t get it...


5 posted on 03/24/2020 12:49:03 AM PDT by Vendome (I've Gotta Be Me https://www.youtube.com/watch?v=BB0ndRzaz2o)
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To: Vince Ferrer

Colon dough...?


6 posted on 03/24/2020 12:49:24 AM PDT by Vendome (I've Gotta Be Me https://www.youtube.com/watch?v=BB0ndRzaz2o)
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To: Vendome

It will go down in the anals of financial history.


7 posted on 03/24/2020 1:36:02 AM PDT by rfp1234 (Democratus Partitus Delendus Est)
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To: Vince Ferrer

Just wonderfull, I have about 2000 shares of Annaly (NLY) purchased it around $10. Sure it is half price now but it still declared it’s full dividend a couple weeks ago.(current yield is 21%) I was about to pull the trigger on some more shares.


8 posted on 03/24/2020 2:02:49 AM PDT by DAC21 ( and Naflet had demint)
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To: Vince Ferrer

bbb


9 posted on 03/24/2020 2:32:17 AM PDT by thinden (How many Barr haters across America are being paid by Soros to attack Barr.)
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To: Vince Ferrer

I think it’s spelled... “Anally”. Darn auto-correct, right?...


10 posted on 03/24/2020 3:51:51 AM PDT by Hatteras
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To: Vince Ferrer

I sure hope you misspelled “annually” and not “anally.”


11 posted on 03/24/2020 6:05:59 AM PDT by dangus
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To: DAC21

Right now stocks with high dividend yield probably doesn’t mean it is a bargain, it means you are looking at past performance that likely won’t be maintained. Lots of high dividend stocks will have dividend cuts the next few months.


12 posted on 03/24/2020 7:24:41 AM PDT by Vince Ferrer
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To: DAC21

Right now stocks with high dividend yield probably doesn’t mean it is a bargain, it means you are looking at past performance that likely won’t be maintained. Lots of high dividend stocks will have dividend cuts the next few months.


13 posted on 03/24/2020 8:15:16 AM PDT by Vince Ferrer
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