Anworth Mortgage Asset Corporation

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Anworth Mortgage Asset Corporation
IndustryReal estate investment trust
FoundedOctober 20, 1997; 26 years ago (1997-10-20)
FounderJoseph Lloyd McAdams
DefunctMarch 19, 2021; 3 years ago (2021-03-19)
HeadquartersSanta Monica, California
Key people
Joseph E. McAdams, Chairman, CEO & President
Charles J. Siegel, CFO
RevenueDecrease $154 million (2019)
Decrease -$64 million (2019)
Total assetsDecrease $4.938 billion (2019)
Total equityDecrease $552 million (2019)
Websitewww.anworth.com
Footnotes / references
[1]

Anworth Mortgage Asset Corporation was a mortgage real estate investment trust. In 2021, it was acquired by Ready Capital Corporation.

History[edit]

The company was formed in October 1997. On March 17, 1998, the company commenced operations and became a public company via an initial public offering.[1][2]

In August 2007, the company's subsidiary, Belvedere Trust Mortgage Corporation, received a notice of default.[3]

In March 2021, the company was acquired by Ready Capital Corporation.[4]

References[edit]

  1. ^ a b "Anworth Mortgage Asset Corporation 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Weekly Schedule of Offerings Of Equity and Convertible Debt". The New York Times. March 9, 1998.
  3. ^ "Anworth Mortgage Asset Corporation Announces Company Updates" (Press release). Business Wire. August 9, 2007.
  4. ^ "Ready Capital Corporation and Anworth Mortgage Asset Corporation Announce Completion of Merger" (Press release). PR Newswire. March 19, 2021.