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Stock Market & Financial Investment News

News Breaks
December 30, 2012
13:25 EDTNYMTNew York Mortgage Trust arranges three year financing secured by mortgage loans
New York Mortgage Trust announced its entry, through a wholly-owned subsidiary, into a securitization transaction with a three-year term for the purpose of financing certain residential mortgage loans owned by the Company having an estimated aggregate market value of approximately $59.6M. The company received gross cash proceeds of approximately $38.7M before deducting expenses associated with the transaction.
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