| Business Summary | | America
First
Mortgage
Investments,
Inc.
is
primarily
engaged
in
the
business
of
investing
in
high-grade
adjustable-rate
mortgage-backed
securities.
The
Company's
investment
strategy
also
provides
for
the
acquisition
of
multi-family
housing
properties,
REIT
(real
estate
investment
trust)
securities
and
high-yield
corporate
securities.
The
Company
is
not
in
the
business
of
originating
mortgage
loans
or
providing
other
types
of
financing
to
the
owners
of
real
estate.
From
its
inception
through
December
31,
2000,
the
Company
purchased
mortgage
securities
with
a
face
value
at
the
time
of
purchase
of
approximately
$669.2
million
(mortgage
securities
with
a
face
value
of
approximately
$98
million
were
purchased
during
the
year
ended
December
31,
2000). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | America
First
Mortgage
Investments,
Inc.,
a
REIT,
is
engaged
in
the
business
of
investing
in
mortgage-backed
securities
and
mortgages.
For
the
six
months
ended
6/30/01,
revenues
remained
flat
at
$17.9
million.
Net
income
applicable
to
general
partners
totalled
$6.3
million,
up
from
$2.9
million.
Revenues
reflect
a
decrease
in
the
annualized
yield
on
the
Company's
interest
earning
assets.
Earnings
reflect
a
decrease
in
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Yanney, 67 Chairman | -- | Stewart Zimmerman, 56 Pres,
CEO, Director | $338K | William Gorin, 42 CFO | -- | Ronald Freydberg, 40 Exec.
VP, Sec. | 199K | Gary Thompson, 58 Treasurer | -- | 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
|
|