Anworth Reports 4Q Loss

Anworth Mortgage Asset Corp., a real estate investment trust based in Santa Monica, Calif., has reported an unaudited net loss to common stockholders of $4.3 million ($0.09 per share) for the fourth quarter, compared with a net loss to common stockholders of $986,000 ($0.02 per share) a year earlier.Despite the loss, Lloyd McAdams, Anworth's chairman, president, and chief executive officer, said the fourth quarter "was one of monthly improvement" that the company expects to continue through the first quarter and believes "will produce a break-even to a small profit." Anworth said its portfolio of agency mortgage-backed securities totaled approximately $4.7 billion as of Dec. 31, allocated as follows: adjustable-rate mortgages, 26%; hybrid ARMs, 58%; fixed-rate MBS, 16%; and floating-rate collateralized mortgage obligations, less than 1%. Anworth can be found on the Web at http://www.anworth.com.