| Business Summary | | FBR
Asset
Investment
Corp.
is
a
real
estate
investment
trust
(REIT),
involved
in
the
business
of
investing
directly
in
whole-pool
mortgage-backed
securities,
commercial
loans
and
equity
securities
of
real
estate-related
businesses
and
indirectly
through
its
investment
in
the
equity
securities
of
real
estate-related
businesses,
commercial
and
residential
real
estate,
commercial
mortgage
loans
and
commercial
mortgage-backed
securities.
Subject
to
maintaining
its
REIT
qualification,
the
Company
also
makes
investments
in
non-real
estate-related
assets,
including
but
not
limited
to
purchasing
equity
securities
of,
and
making
mezzanine
and
other
loans
to,
companies
that
are
not
involved
primarily
in
the
real
estate
business
or
in
a
real
estate-related
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FBR
Asset
Investment
Corp.
is
a
real
estate
investment
trust
that
invests
in
mortgages,
mortgage-backed
securities
and
other
real
estate-related
assets,
both
directly
and
indirectly
through
investment
in
other
companies.
For
the
six
months
ended
6/30/01,
revenues
fell
24%
to
$9.3
million.
Net
income
totaled
$4.2
million,
up
from
$603
thousand.
Revenues
reflect
reduced
investment
in
mortgage-backed
securities.
Earnings
benefitted
from
lower
loss
on
equity
securities. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Eric Billings, 48 | Chairman,
CEO | Kurt Harrington, 48 | CFO,
Treasurer | Richard Hendrix, 35 | COO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|