Anworth Mortgage Asset Corp., a real estate investment trust based in Santa Monica, Calif., has announced that it expects to recognize a loss from operations of approximately $0.07 per share for the third quarter.Anworth said the increase in interest income (net of premium amortization) from its portfolio of agency mortgage-backed securities was offset by the increase in its cost of borrowings, resulting in an approximately unchanged interest rate spread. The mortgage REIT also announced that its wholly owned subsidiary, Belvedere Trust Mortgage Corp., reported a preliminary loss of approximately $900,000 for the third quarter. The loss was attributed largely to accelerating prepayments and to financing costs that were rising faster than the increases in the yield of its mortgage-related assets. Anworth can be found on the Web at http://www.anworth.com.

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