NEW YORK, Dec. 28, 2012 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") announced today 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 $59.6 million (the "Mortgage Loans"). The Company received gross cash proceeds of approximately $38.7 million before deducting expenses associated with the transaction.
New York Mortgage Trust Arranges Three Year Financing Secured By Pool Of Residential Mortgage Loans
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