MSR — Servicing and related expense
Annaly Capital Management MSR — Servicing and related expense increased by 0.6% to $16.58M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.5%, from $14.11M to $16.58M. Over 3 years (FY 2022 to FY 2025), MSR — Servicing and related expense shows an upward trend with a 33.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to income suggests declining operational efficiency or rising costs of compliance and servicing.
Detailed definition
Represents the direct operational costs associated with servicing mortgage loans, such as sub-servicing fees, administra...
Peer comparison
Standard operational expense metric for mortgage servicing operations across the financial services industry.
nly_segment_msr_servicing_and_related_expenseHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.29M | $6.29M | $6.29M | $6.29M | $7.88M | $8.93M | $9.62M | $11.22M | $12.22M | $12.62M | $12.99M | $11.65M | $14.11M | $14.57M | $15.10M | $16.49M | $16.58M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +25.4% | +13.3% | +7.8% | +16.6% | +8.9% | +3.3% | +2.9% | -10.3% | +21.2% | +3.2% | +3.7% | +9.1% | +0.6% |
| YoY Change | — | — | — | — | +25.4% | +42.1% | +53.1% | +78.5% | +55.0% | +41.3% | +35.0% | +3.8% | +15.5% | +15.5% | +16.3% | +41.5% | +17.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Annaly Capital Management's msr — servicing and related expense?
- Annaly Capital Management (NLY) reported msr — servicing and related expense of $16.58M in Q1 2026.
- How has Annaly Capital Management's msr — servicing and related expense changed year-over-year?
- Annaly Capital Management's msr — servicing and related expense increased by 17.5% year-over-year, from $14.11M to $16.58M.
- What is the long-term trend for Annaly Capital Management's msr — servicing and related expense?
- Over 3 years (2022 to 2025), Annaly Capital Management's msr — servicing and related expense has grown at a 33.8% compound annual growth rate (CAGR), from $25.15M to $60.27M.
- What does msr — servicing and related expense mean?
- Direct costs incurred to service mortgage loans.