_________________________________________________

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES AND EXCHANGE ACT OF 1934


                Date of Report (Date of earliest event reported)
                                  July 23, 2004


                        Annaly Mortgage Management, Inc.
             (Exact Name of Registrant as Specified in its Charter)



        Maryland                       1-13447                   22-3479661
----------------------------        ---------------         --------------------
State or Other Jurisdiction          (Commission              (I.R.S. Employer
     Of Incorporation)                File Number)           Identification No.)



      1211 Avenue of the Americas
              Suite 2902
          New York, New York                                     10036
         --------------------                                   -------
    (Address of Principal Executive                            (Zip Code)
               Offices)


       Registrant's telephone number, including area code: (212) 696-0100


                                    No Change
         ---------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)





Item 12. Results of Operations and Financial Condition


     On July 23, 2004, Annaly Mortgage Management, Inc. issued a press release
announcing its financial results for the quarter and six month months ended June
30, 2004. A copy of the press release is furnished as Exhibit 99.1 to this
report.





SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                              ANNALY MORTGAGE MANAGEMENT, INC.



                                              By: /s/ Kathryn Fagan
                                                  ------------------------------
                                                  Name:  Kathryn Fagan
                                                  Title: Chief Financial Officer



Dated: July 23, 2004





                                  EXHIBIT INDEX



Exhibit No.         Description
-----------         -----------

99.1                Press Release, dated July 23, 2004 issued by Annaly Mortgage
                    Management, Inc.