Annaly Capital News
HARP was designed to help people who wanted to stay in their home and who had adjustable-rate mortgages where they wouldn’t be able to afford the payment once the mortgage adjusted upward.
Trial HAMP modifications decreased to 10,200 from 12,000 the prior month. Permanent modifications fell from 15,700 to 12,500.
The servicers work for the lenders and don't really have much of a financial stake in whether the principal is paid or not.
The front-month Ginnie Mae TBA drifted higher as bonds rallied. After starting the week at 105 4/32, they traded 7/16 higher to close at 105 18/32.
The Fannie Mae 4% TBA started the week at at 104 2/32 and picked up just over half a point to close at 104 20/32.
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Annaly Capital Management Inc . So this week we highlight one interesting put contract, and one interesting call contract, from the May expiration for NLY.