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Mortgage Investors Face More ‘Meddling’ With Obama, Annaly Says

Annaly Capital Management Inc., the largest real-estate investment trust that buys mortgage debt, said a re-election of President Barack Obama may lead to more aggressive housing policies, including new efforts to spur refinancing among borrowers with government-backed loans.

“The way I see it is if Obama wins, then we potentially see more policy meddling,” Wellington Denahan-Norris, chief executive officer of the New York-based firm with $141.6 billion of assets as of Sept. 30, said today on a conference call.