Description

New York Mortgage Trust, Inc. primarily operates within the U.S. residential property market, focusing on the acquisition, financing, and management of diverse assets linked to both single-family and multi-family mortgages. The company's investment portfolio is broad, encompassing residential debt instruments such as first and second lien mortgages, as well as business purpose loans. It also engages in structured investments pertaining to multi-family properties, including preferred equity stakes, mezzanine loans extended to property owners, and equity interests through joint ventures. Furthermore, its holdings include various mortgage-backed securities (MBS), specifically non-agency and agency residential MBS (RMBS), and commercial MBS (CMBS), alongside other assets related to credit and residential housing. As a federally recognized Real Estate Investment Trust (REIT), the company is exempt from federal corporate income taxes, contingent on distributing at least 90% of its taxable income to its shareholders. The firm was established in 2003 and its headquarters are located in New York, New York.