| Business Summary | | American
Residential
Investment
Trust,
Inc.
is
a
real
estate
investment
trust.
The
Company
acquires
non-conforming
adjustable-rate
and
fixed-rate,
single-family
whole
loans
(collectively,
Mortgage
Loans)
through
purchases
in
the
capital
markets
and
through
purchases
from
originators.
The
Company
acquires
Mortgage
Loans
primarily
through
bulk
purchases
from
the
capital
markets
and
from
other
financial
institutions.
The
Company
also
invests
in
Mortgage
Loans
that
it
acquires
directly
from
originators.
Although
the
Company
invested
in
agency
mortgage-backed
securities
and
privately
issued
mortgage-backed
securities
(collectively,
Mortgage
Securities)
backed
by
conforming
loans
in
the
past,
since
1998,
the
Company
has
invested
primarily
in
non-conforming
Mortgage
Loans,
which
generally
are
relatively
higher
yielding
(adjusted
for
risk)
than
conforming
Mortgage
Loans
and
Mortgage
Securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | INV
operates
as
a
real
estate
investment
trust
that
invests
in
residential
adjustable-rate
mortgage-backed
securities
and
mortgage
loans.
INV
finances
its
acquisitions
of
mortgage
assets
with
equity
and
secured
borrowings.
For
the
six
months
ended
6/30/01,
revenues
fell
32%
to
$32.4
million.
Net
income
before
acct.
chg.
fell
88%
to
$216
thousand.
Revenues
reflect
a
decrease
in
mortgage
loans
held-for-sale.
Earnings
reflect
a
write-off
of
acquisition
diligence
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Robbins, 53 Chairman
and CEO | $395K | Jay Fuller, 50 Pres,
COO | 298K | Judith Berry, 47 Exec.
VP and CFO | 338K | Clayton Strittmatter, 38 Sr.
VP-Fin. | -- | Charles Eshom, 44 Sr.
VP, Capital Markets | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|