| Business Summary | | Anworth
Mortgage
Asset
Corporation
is
a
real
estate
investment
trust
(REIT).
The
Company
invests
in
mortgage
assets,
including
mortgage
pass-through
certificates,
collateralized
mortgage
obligations,
mortgage
loans
and
other
securities,
representing
interests
in
or
obligations
backed
by
pools
of
mortgage
loans,
which
can
be
readily
financed,
and
short-term
investments.
The
Company's
mortgage
assets
consist
primarily
of
mortgage
securities
bearing
interest
rates
that
adjust
periodically,
based
on
changes
in
short-term
interest
rates.
The
Company
acquires
mortgage
assets
primarily
in
the
secondary
mortgage
market
through
its
manager,
Anworth
Mortgage
Advisory
Corporation
(the
Manager).
The
Manager
is
under
common
control
with
Pacific
Income
Advisers,
Inc.,
an
investment
advisory
firm. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Anworth
Mortgage
Asset
Corporation,
a
real
estate
investment
trust,
acquires
mortgage
assets
including
mortgage
loans,
CMO's,
and
other
real
estate
securities
primarily
in
the
secondary
mortgage
market
through
its
manager,
Anworth
Mortgage
Advisory
Corp.
For
the
six
months
ended
6/30/01,
revenues
fell
4%
to
$5.1
million.
Net
income
rose
63%
to
$1.2
million.
Revenues
reflect
lower
interest
on
investments.
Net
income
reflects
lower
cost
of
financing. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Lloyd McAdams, 55 | Chairman,
Pres and CEO | Pamela Watson, 46 | Exec.
VP, CFO, Treasurer and Sec. | Heather Baines, 59 | Exec.
VP | Evangelos Karagiannis, 39 | VP | Joseph McAdams, 32 | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|