New York Mortgage Trust, Inc. · New York, NY United States ·(NASDAQ (CM): NYMT)
Company Description
Phone: 212-634-9400
Fax: 212-655-6269
View New York Mortgage Trust, Inc. Locations On A US Map
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This link will open in a new window New York Mortgage Trust, a real estate investment trust (REIT) invests in high-quality adjustable rate residential mortgages and mortgage-backed securities. As a REIT, the company distributes 90% of its income to stockholders. Citing a deteriorating mortgage market, the company ceased issuing new loans in 2007, and sold the retail loan origination business of its New York Mortgage Company subsidiary and its 30 US offices to IndyMac Bancorp . Meanwhile, Tribeca Lending, an affiliate of Franklin Credit Management , bought the company's wholesale lending operations. To read the full description, subscribe now.
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Key New York Mortgage Trust, Inc. Financials
| Company Type | Public - NASDAQ (CM): NYMT Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | -$17.4 |
| 2008 Employees | 6 |
New York Mortgage Trust, Inc. Executives
7 executives listed for New York Mortgage Trust, Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman | James Fowler | Network |
| President, CEO, CFO, Chief Investment Officer, and Director | Steven Mumma | Network |
| VP and Secretary | Nathan Reese | Network |
Competition
Competitive Landscape for New York Mortgage Trust, Inc.
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top New York Mortgage Trust, Inc. Competitors
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