New York Mortgage Eyes Sale or Merger

New York Mortgage Trust Inc., New York, has announced the retention of Milestone Advisors LLC as a financial adviser to help explore the real estate investment trust's strategic options, including a possible sale or merger.The REIT, which originates and invests in residential mortgage loans, said the retention of an adviser was prompted by "recent unusual market activity" and inquiries received by the company. New York Mortgage Trust, the parent company of New York Mortgage Co. LLC, said it is engaged in discussions about a possible sale or merger, but added that it "does not intend to make further public statements regarding this matter until either a definitive agreement is reached or discussions are terminated."