Founded in 1997 and formerly headquartered in Santa Monica, California, Anworth Mortgage Asset Corporation operated as a specialty finance mortgage real estate investment trust (REIT). The company's primary business was investing in residential mortgage-backed securities (MBS), including both Agency MBS (guaranteed by U.S. Government-sponsored enterprises like Fannie Mae or Freddie Mac) and Non-Agency MBS. Anworth's objective was to generate income for distribution to its stockholders from the spread between the interest income on its mortgage assets and its borrowing costs. In March 2021, Anworth was acquired by and merged into Ready Capital Corporation, at which point it ceased to operate as an independent entity.

Founded in

United States