Hatteras Financial Company Description
Hatteras Financial hopes for smooth sailing on the sometimes tumultuous seas of mortgage investing. The company is a mortgage real estate investment trust (REIT) that invests in adjustable rate (ARM) and hybrid adjustable rate single-family residential mortgages guaranteed by a US government agency or a government-backed company such as Ginnie Mae, Fannie Mae, or Freddie Mac. Hatteras' nearly $2 billion portfolio includes three-, five- (the majority), and seven-year hybrid ARM loans backed by Fannie Mae, mostly, and Freddie Mac. Hybrids start with a fixed rate for a set period (three, five, seven, or 10 years) and then become adjustable. Hatteras Financial is externally managed by Atlantic Capital Advisors.
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The Company Description provides a historical perspective of Hatteras Financial's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Hatteras Financial's evolution in the marketplace.
