Significant investments in new non-agency whole loans are paying off, according to officials at Annaly Capital Management. The real estate investment trust started buying the loans in the second half of 2016 after acquiring Hatteras Financial. As of the end of the third quarter, Annaly held non-agency whole loans with an unpaid principal balance of $896.0 million. Whole loans accounted for 28.0 percent of Annaly’s residential credit portfolio as of the end of September, up from a ...