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New York Mortgage Trust ($NYMT)

NYMT Overview

New York Mortgage Trust acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States.Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non-qualified mortgage loans, second mortgages, residential bridge loans, and other residential mortgage loans; non-agency residential mortgage-backed securities(RMBS); agency RMBS and CMBS; and other mortgage-related, residential housing-related, and credit-related assets.The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.The company was founded in 2003 and is headquartered in New York, New York. (From: StockAnalysis.com)

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