| Business Summary | | Annaly
Mortgage
Management,
Inc.
owns
and
manages
a
portfolio
of
mortgage-backed
securities,
including
mortgage
pass-through
certificates,
collateralized
mortgage
obligations
and
other
securities
representing
interests
in,
or
obligations
backed
by,
pools
of
mortgage
loans.
Agency
mortgage-backed
securities
are
mortgage-backed
securities
for
which
a
government
agency
or
federally
chartered
corporation,
such
as
the
Federal
Home
Loan
Mortgage
Corporation,
the
Federal
National
Mortgage
Association
or
the
Government
National
Mortgage
Association,
guarantees
payments
of
principal
or
interest
on
the
securities.
The
mortgage-backed
securities
that
the
Company
acquires
provide
funds
for
mortgage
loans
made
primarily
to
residential
homeowners.
The
Company's
securities
generally
represent
interests
in
pools
of
mortgage
loans
made
by
savings
and
loan
institutions,
mortgage
bankers,
commercial
banks
and
other
mortgage
lenders. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Annaly
Mortgage
Management,
Inc.,
a
self-managed
REIT,
specializes
in
mortgage-backed
securities.
For
the
six
months
ended
6/30/01,
revenues
totalled
$107.2
million,
up
from
$50.4
million.
Net
income
totalled
$26.9
million,
up
from
$8.7
million.
Total
revenues
reflect
an
increase
in
the
coupons
on
adjustable
rate
securities
and
an
increase
in
the
average
interest
earning
asset
balances.
Earnings
also
reflect
an
increase
on
the
gain
on
sale
of
mortgage-backed
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Michael Farrell, 48 Chairman,
CEO | $350K | $79.3K | Timothy Guba, 42 Pres,
COO | 225K | 79.3K | Wellington St. Claire, 36 Vice
Chairman, CIO | 250K | 92.6K | Kathryn Fagan, 33 CFO
and Treasurer | 150K | 0.6K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|