The Annaly residential credit platform invests in non-agency residential mortgage assets, both in the securitized product and whole loan markets. The platform is at the forefront of mortgage finance reform via investments in specific products such as GSE Credit Risk Transfer, Jumbo 2.0 Securities, securities in Non-Performing Loans, and Re-Performing Loans, and Whole Loans. We purchase whole loans through a wholly-owned subsidiary, Onslow Bay Financial LLC. We also participate in the legacy residential credit market. Initiated on Annaly’s balance sheet at the beginning of 2015, the residential credit platform has grown to approximately $0.9bn as of December 31, 2016. Annaly’s residential credit investments complement the longer duration fixed-rate agency MBS portfolio as these investments are primarily shorter duration or floating-rate assets in comparison.
Please click here to access Annaly’s Residential Credit fact sheet.