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Stock impact report

New York Mortgage Trust Provides Business Update as of April 7, 2020

New York Mortgage Trust, Inc. (NYMT) 
Last new york mortgage trust, inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: nymtrust.com
Company Research Source: GlobeNewswire
NEW YORK, April 07, 2020 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) today announced the following updates with respect to its business. “The Company continues to navigate the difficult financial and economic environment resulting from the global pandemic of the COVID-19 virus,” said Steven R. Mumma, the Company’s Chairman and Chief Executive Officer. “Since March 30, 2020, the date of the Company’s last market update, the Company has made significant progress in strengthening its liquidity position. Due to this progress and certain of the portfolio management decisions noted below, the Company is current with its repurchase agreement payment obligations, including margin requirements, and is no longer in a position to need forbearance agreements from its repurchase agreement financing counterparties.” The Company announced the following updates as of the close of business on April 7, 2020: The Company has reduced its outstanding repurch Show less Read more
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