New York Mortgage Trust, Inc. Announces Executive Changes
September 19, 2017 at 08:00 am EDT
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New York Mortgage Trust, Inc. announced that Kevin M. Donlon has resigned from his position as President and as a member of the Company’s Board of Directors to pursue new opportunities outside of the Company, effective September 18, 2017. In addition, the Company announced the promotions of Stephen Hogue to the role of Managing Director and Head of Multifamily Asset Management and Steven Brannan to the role of Managing Director and Head of Multifamily Credit Acquisitions, effective immediately.
New York Mortgage Trust, Inc. is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing, and managing primarily mortgage-related single-family and multi-family residential assets. Its objective is to deliver long-term stable distributions to its stockholder. The Companyâs investment portfolio includes credit sensitive single-family and multi-family assets, as well as more traditional types of fixed-income investments that provide coupon income, such as Agency residential mortgage-backed securities (RMBS). The Companyâs investments include residential loans, including business purpose loans; structured multi-family property investments such as preferred equity in, and mezzanine loans to, owners of multi-family properties; agency RMBS; non-agency RMBS; commercial mortgage-backed security (CMBS), and other mortgage, residential housing and credit-related assets and strategic investments in companies.