Anworth Mortgage Asset Corporation was a mortgage real estate investment trust. In 2021, it was acquired by Ready Capital Corporation.
| Industry | Real estate investment trust |
|---|---|
| Founded | October 20, 1997 |
| Founder | Joseph Lloyd McAdams |
| Defunct | March 19, 2021 |
| Headquarters | Santa Monica, California |
Key people | Joseph E. McAdams, Chairman, CEO & President Charles J. Siegel, CFO |
| Revenue |  $154 million (2019) |
| -$64 million (2019) | |
| Total assets | $4.938 billion (2019) |
| Total equity | $552 million (2019) |
| Website | www |
| Footnotes / references [1] | |
History
editThe company was formed in October 1997. On March 17, 1998, the company commenced operations and became a public company via an initial public offering.[1][2]
In August 2007, the company's subsidiary, Belvedere Trust Mortgage Corporation, received a notice of default.[3]
In March 2021, the company was acquired by Ready Capital Corporation.[4]
References
edit- ^ a b "Anworth Mortgage Asset Corporation 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Weekly Schedule of Offerings Of Equity and Convertible Debt". The New York Times. March 9, 1998.
- ^ "Anworth Mortgage Asset Corporation Announces Company Updates" (Press release). Business Wire. August 9, 2007.
- ^ "Ready Capital Corporation and Anworth Mortgage Asset Corporation Announce Completion of Merger" (Press release). PR Newswire. March 19, 2021.