Anworth Mortgage Asset Corporation Stock Company Profile

Description

Anworth Mortgage Asset Corporation operates as a real estate investment trust primarily in the United States. It invests in, finances, and manages leveraged portfolio of residential mortgage-backed securities that are guaranteed by Ginnie Mae, or by agencies or instrumentalities of the federal government, including Fannie Mae and Freddie Mac. The company also invests in non-agency mortgage investments that are guaranteed by a private institution, such as a commercial bank; and other mortgage-related investments consisting of mortgage derivative securities, mortgage warehouse participations, and subordinated interests, as well as in mortgage loans, other investments. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Anworth Mortgage Asset Corporation was founded in 1997 and is headquartered in Santa Monica, California.