Anworth Mortgage Asset Corporation
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| Industry | Real estate investment trust |
|---|---|
| Founded | October 20, 1997 |
| Founder | Joseph Lloyd McAdams |
| Defunct | March 19, 2021 |
| Headquarters | Santa Monica, California |
Key people | Joseph E. McAdams, Chairman, CEO & President Charles J. Siegel, CFO |
| Revenue |  $154 million (2019) |
| -$64 million (2019) | |
| Total assets | $4.938 billion (2019) |
| Total equity | $552 million (2019) |
| Website | www |
| Footnotes / references [1] | |
Anworth Mortgage Asset Corporation was a mortgage real estate investment trust. In 2021, it was acquired by Ready Capital Corporation.
History
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
- ^ a b "Anworth Mortgage Asset Corporation 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Weekly Schedule of Offerings Of Equity and Convertible Debt". The New York Times. March 9, 1998.
- ^ "Anworth Mortgage Asset Corporation Announces Company Updates" (Press release). Business Wire. August 9, 2007.
- ^ "Ready Capital Corporation and Anworth Mortgage Asset Corporation Announce Completion of Merger" (Press release). PR Newswire. March 19, 2021.