New York Mortgage Trust, Inc. Announces Executive Changes
November 17, 2021 at 02:35 am IST
Share
New York Mortgage Trust, Inc. announced that the Company?s President, Jason T. Serrano, will succeed Mr. Mumma as Chief Executive Officer of the Company, each effective on January 1, 2022. Mr. Serrano has served as the Company?s President since January 2019 and has been a member of the Board since March 2019.
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.
NEW YORK MORTGAGE TRUST, INC. 
