Bose George

Douglas Harter

Eric Hagen

Richard Shane

Trevor Cranston

Jason Stewart

Matthew Erdner

Crispin Love

Harsh Hemnani

Jason Weaver

- Annaly Capital Management acquired a mortgage servicing rights (MSR) portfolio from Pennymac Financial Services, increasing its holdings to approximately **680,000 loans** with an unpaid principal balance of **$219 billion**.  **[1043219_25bb85818d0341228408f5ca2772d503]** 
- The acquired MSR portfolio has a market valuation of approximately **$3.3 billion** as of **June 2025**, comprising high-quality conventional loans with a weighted average FICO score of **757** at origination.  **[1043219_25bb85818d0341228408f5ca2772d503]** 
- Pennymac Financial Services will continue to manage all servicing and recapture activities for the MSRs sold to Annaly.  **[1043219_25bb85818d0341228408f5ca2772d503]** 
- This acquisition aligns with Annaly's strategy to optimize returns and maintain prudent leverage, further solidifying its position as a **top 10 servicer** of Agency mortgage-backed securities.  **[1043219_25bb85818d0341228408f5ca2772d503]**

Annaly Capital Management Acquires Mortgage Servicing Rights Portfolio

- **Annaly Capital Management, Inc.** and **PennyMac Financial Services, Inc.** have entered into a strategic subservicing agreement and a master purchase agreement.  **[1043219_cdadfe87a5394838ab663269cd0edcd8_0]** 
- Concurrent with these agreements, Annaly agreed to **purchase a portfolio of mortgage servicing rights (MSR)** from Pennymac.  **[1043219_cdadfe87a5394838ab663269cd0edcd8_0]** 
- **Pennymac** will handle all servicing and recapture activities for the MSRs sold to Annaly.  **[1043219_cdadfe87a5394838ab663269cd0edcd8_0]** 
- As of **June 30, 2025**, Annaly's MSR portfolio consists of approximately **680,000 loans**, totaling **$219 billion in unpaid principal balance** and **$3.3 billion in market value**.  **[1043219_cdadfe87a5394838ab663269cd0edcd8_0]**

Annaly Capital Management and PennyMac Financial Services Announce Strategic Partnership and MSR Purchase

ANNALY CAPITAL MANAGEMENT (NLY)