Anworth Mortgage Asset Corporation
Encyclopedia
Anworth Mortgage Asset Corp. is a real estate investment trust
company based in Santa Monica
, California
.
Anworth Mortgage, which was organized as a public company in 1998, is listed on the New York Stock Exchange
. Anworth invests primarily in U.S. Agency issued adjustable-rate mortgage backed securities.
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
company based in Santa Monica
Santa Monica, California
Santa Monica is a beachfront city in western Los Angeles County, California, US. Situated on Santa Monica Bay, it is surrounded on three sides by the city of Los Angeles — Pacific Palisades on the northwest, Brentwood on the north, West Los Angeles on the northeast, Mar Vista on the east, and...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
.
Anworth Mortgage, which was organized as a public company in 1998, is listed on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
. Anworth invests primarily in U.S. Agency issued adjustable-rate mortgage backed securities.