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YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
will not receive, in full, the contractually required principal or interest cash flows stemming from our investments due to an underlying borrower’s or issuer’s default on their obligation. Upon a ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
-agency MBS, if any, to the extent of their respective principal balance, prior to being allocated to our investments.
Other of our non-agency MBS investments represent “first loss” positions. Acco... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
negative credit trends.
There is no guarantee that our attempts to manage our credit risk will be successful. We could experience substantial losses if the credit performance of the mortgage loans... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Officer (“CFO”), evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of 1934, as amended, is recorded, processed, summarized and reported within the time periods prescribed by the SEC’s rules and forms.
58
Management’s Report on Internal Control over Financial Repo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
those policies and procedures that:
•provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipt... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of the Company; and
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to f... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.
Arlington Asset Investment Corp.’s management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2022. In making this assessment, the Company’... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ITEM 9B. OTHER INFORMATION
None.
ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
None.
59
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and is hereby incorporated by reference.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
The information required by Part III, Item 12 of th... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
on Form 10-K will be provided in our 2023 Proxy Statement and is hereby incorporated by reference.
PART IV
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a) (1) Financial Statements. The A... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the years ended December 31, 2022 and 2021 (page F-5)
Consolidated Balance Sheets as of December 31, 2022 and 2021 (page F-4)
•Consolidated Statements of Changes in Equity for the years ended Dece... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
page F-6)
•Notes to Consolidated Financial Statements (page F-8)
Consolidated Statements of Cash Flows for the years ended December 31, 2022 and 2021 (page F-7)
(2) Financial Statement Schedules. ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q filed on November 9, 2009).
3.02
Articles of Amendment to the Amended and Restated Articles of Incorporation ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ulative Redeemable Preferred Stock, par value
60
ExhibitNumber
Exhibit Title
$0.01 per share (incorporated by reference to Exhibit 3.3 to the Company’s Registration Statement on Form 8-A filed on... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
28, 2011).
3.06
Amendment No. 1 to the Amended and Restated Bylaws (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on February 4, 2015).
3.07
Amendmen... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
17, 2019).
3.09
Amendment No. 4 to the Amended and Restated Bylaws (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on December 13, 2019).
4.01
Indentu... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ee (incorporated by reference to Exhibit 4.2 to the Company’s Registration Statement on Form S-3 (File No. 333-235885) filed on January 10, 2020).
4.03
Indenture dated as of May 1, 2013 between the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Report on Form 8-K filed on May 1, 2013).
4.05
Form of Senior Note. (incorporated by reference to Exhibit 4.6 to the Company’s Registration Statement on Form S-3 (File No. 333-235885) filed on Jan... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
February 24, 2010).
4.08
Shareholder Rights Agreement, dated June 5, 2009 (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K filed on June 5, 2009).
4.09
First... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, as Series Trustee (incorporated by reference to Exhibit 4.3 to the Company’s Form 8-A filed on March 18, 2015).
4.11
Form of 6.750% Notes due 2025 (incorporated by reference to Exhibit 4.3 to the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
8.250% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (incorporated by reference to Exhibit 4.1 to the Company’s Registration Statement on Form 8-A filed on March 11, 2019).
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, 2021).
4.16
Form of 6.000% Senior Notes Due 2026 (incorporated by reference to Exhibit 4.6 to the Company’s Registration Statement on Form 8-A filed on July 15, 2021).
4.17
Second Amendment to ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Schedule 14A filed on April 29, 2004).*
61
ExhibitNumber
Exhibit Title
10.02
Friedman, Billings, Ramsey Group, Inc. 1997 Stock and Annual Incentive Plan (incorporated by reference to Exhibit 10... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Form S-1 (File No. 333-39107) filed by Friedman, Billings, Ramsey Group, Inc. on December 19, 1997).*
10.04
Friedman, Billings, Ramsey Group, Inc. Amended and Restated Non-Employee Director Stock ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Arlington Asset Investment Corp. 2014 Long-Term Incentive Plan (incorporated by reference to the Company’s Registration Statement on Form S-8 filed on July 15, 2014).*
10.07
Arlington Asset Inves... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2021).*
10.09
Form of Deferred Stock Unit Award Agreement under Arlington Asset Investment Corp. 2021 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.3 of the Company’s Current R... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
-K filed on January 27, 2017).*
10.12
Form of Indemnification Agreement (incorporated by reference to Exhibit 10.08 to the Company’s Annual Report on Form 10-K, filed on February 23, 2012).*
10.13... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Exhibit 1.2 to the Company’s Current Report on Form 8-K filed on February 22, 2017).
10.15
Equity Distribution Agreement, dated February 22, 2017, by and between the Company and JonesTrading Insti... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.17
Amendment No. 1 to the Equity Distribution Agreement, dated August 10, 2018, by and between the Company and JMP Securities LLC (incorporated by reference to Exhibit 1.5 to the Company’s Current ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
10, 2018, by and between the Company and JonesTrading Institutional Services LLC (incorporated by reference to Exhibit 1.7 to the Company’s Current Report on Form 8-K filed on August 10, 2018).
10.... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Services LLC, B. Riley FBR, Inc., Compass Point Research & Trading, LLC and Ladenburg Thalmann & Co. Inc. (incorporated by reference to Exhibit 1.1 to the Company’s Current Report on Form 8-K filed ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Retirement and Consulting Agreement dated June 6, 2019, by and between Arlington Asset Investment Corp. and Eric F. Billings (incorporated by reference to Exhibit 10.1 to the Company’s Current Report... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.02
Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Sec... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS
Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
has been formatted in Inline XBRL.
Filed herewith.
Compensatory plan or arrangement.
* Submitted electronically herewith. Attached as Exhibit 101 are the following materials from the Company’s ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Cash Flows for the years ended December 31, 2022 and 2021.
ITEM 16. FORM 10-K SUMMARY
Not applicable.
63
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchang... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
each person whose signature appears below hereby constitutes and appoints J. Rock Tonkel, Jr. and Richard E. Konzmann and each of them as their true and lawful attorney-in-fact and agent, with full ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their substi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ARD E. KONZMANN
Executive Vice President, Chief Financial Officer and Treasurer
March 31, 2023
RICHARD E. KONZMANN
(Principal Financial Officer)
/s/ BENJAMIN J. STRICKLER
Vice President, Chief... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
INDA H. MCCLURE
Director
March 31, 2023
MELINDA H. MCCLURE
/s/ RALPH S. MICHAEL III
Director
March 31, 2023
RALPH S. MICHAEL III
/s/ ANTHONY P. NADER III
Director
March 31, 2023
ANTHONY ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
-4
Consolidated Statements of Comprehensive Income for the years ended December 31, 2022 and 2021
F-5
Consolidated Statements of Changes in Equity for the years ended December 31, 2022 and 2021
F... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
31, 2022 and 2021, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended, including the related notes (collectively referre... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
required to be communicated to the audit committee and that (i) relates to accounts or disclosures that are material to the consolidated financial statements and (ii) involved our especially challen... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
are classified within Level 3 of the fair value hierarchy. Arlington Asset Investment Corp. uses a nationally recognized, independent third-party mortgage analytics and valuation firm to estimate t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
an cost of servicing.
The principal considerations for our determination that performing procedures relating to the fair value of the mortgage servicing rights used to value the MSR financing receiv... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. The work of management’s specialis... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
by the specialist.
/s/ PricewaterhouseCoopers LLP
Washington, DC
March 31, 2023 We have served as the Company’s auditor since 2002.
F-3
ARLINGTON ASSET INVESTMENT CORP.
CONSOLIDATED BALANCE SH... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,540
483,927
MSR financing receivables, at fair value
180,365
125,018
Credit securities, at fair value
104,437
26,222
Mortgage loans, at fair value
29,264
29,697
Mortgage loans of consolid... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
002,318
803,036
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Repurchase agreements
515,510
446,624
Secured debt of consolidated VIEs, at fair value
169,345
508
Long-term unsecured debt... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,610 shares issued and outstanding, respectively (liquidation preference of $9,492 and $9,340, respectively)
9,001
8,852
Series C Preferred stock, $0.01 par value, 957,133 and 1,117,034 shar... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Additional paid-in capital
2,024,298
2,030,315
Accumulated deficit
(1,840,061
(1,842,703
Total stockholders’ equity
217,340
224,127
Total liabilities and stockholders’ equity
1,002,318
8... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2
Net investment in consolidated VIEs
28,904
9,708
The accompanying notes are an integral part of these consolidated financial statements.
F-4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
single-family properties
6,173
259
Interest expense
Repurchase agreements
8,983
1,483
Long-term debt secured by single-family properties
2,202
151
Long-term unsecured debt
5,742
5,112
S... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
725
Total general and administrative expenses
14,915
11,704
Income (loss) before income taxes
9,544
(7,949
Income tax provision
4,118
1,566
Net income (loss)
5,426
(9,515
Dividend on pre... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,312
Diluted
29,243
32,312
The accompanying notes are an integral part of these consolidated financial statements.
F-5
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(Dollars in thousands)
Seri... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(9,515
(9,515
Issuance of Class A common stock under stock-based compensation plans
487,104
(4
Forfeiture of Class A common stock under stock-based compensation plans
(22,000
Repurchas... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(2,916
(2,916
Balances, December 31, 2021
373,610
8,852
1,117,034
27,356
30,676,931
307
2,030,315
(1,842,703
224,127
Series BPreferredStock (#)
Series BPreferredAmount ($)
Series CPre... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(1,842,703
224,127
Net income
5,426
5,426
Issuance of Class A common stock under stock-based compensation plans
404,746
(4
Forfeiture of Class A common stock under stock-based compens... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
stock
(159,901
(3,536
(3,536
Stock-based compensation
3,537
3,537
Dividends declared
(2,784
(2,784
Balances, December 31, 2022
379,668
9,001
957,133
23,820
28,186,827
282
2,024,298
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
426
(9,515
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Investment and derivative (gain) loss, net
(2,587
13,199
Net discount accretion
(... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Purchases of agency mortgage-backed securities
(674,581
(607,659
Purchases of credit securities
(128,779
(51,934
Purchases of MSR financing receivables
(83,393
(101,808
Purchases of single-f... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
principal payments on credit securities
8,179
367
Receipt of principal payments on loans
433
45,271
Receipt of principal payments on mortgage loans of consolidated VIEs
40,453
87,746
Receip... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Repayments of secured debt of consolidated VIEs
(43,711
(93,319
Repurchase of common stock
(9,316
(12,475
Repurchase of preferred stock
(3,535
Proceeds from issuance of preferred stock
149... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
by (used in) financing activities
27,271
(264,738
Net increase (decrease) in cash, cash equivalents and restricted cash
8,426
(18,179
Cash, cash equivalents and restricted cash, beginning of y... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
IE upon consolidation
266,697
The accompanying notes are an integral part of these consolidated financial statements.
F-7
ARLINGTON ASSET INVESTMENT CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEME... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
for which the return is based on the economic performance of a pool of specific MSRs. Arlington Asset Investment Corp.’s credit investments generally include investments in mortgage loans secured b... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, leasing and operating single-family residential homes as rental properties. During 2022, the Company sold its portfolio of SFR properties and is currently no longer anticipating allocating capital... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
its taxable income that it distributes to its shareholders on a timely basis. At present, it is the Company’s intention to distribute 100% of its taxable income, although the Company will not be req... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
amounts reported in the consolidated financial statements. Although the Company bases these estimates and assumptions on historical experience and all other reasonably available information that the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2022 and 2021
, approximately
84
% and
67
%, respectively, of the Company’s cash equivalents were invested in money market funds that invest primarily in U.S. Treasuries and other securities ba... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
led security trades are recorded as “sold securities receivable” or “purchased securities payable” in the consolidated balance sheets.
Interest Income Recognition for Investments in Agency MBS, Mort... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
The interest method is applied at the individual instrument level based upon each instrument’s effective interest rate. Arlington Asset Investment Corp. calculates each instrument’s effective inter... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
unaffected.
For mortgage loans of consolidated VIEs, the Company ceases the accrual of interest income (i.e., places the loan in non-accrual status) when it believes collectability of principal and... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
MSR Financing Receivables
Arlington Asset Investment Corp. recognizes interest income for its investments in credit securities (other than those considered to be of high credit quality) and MSR fin... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
timing of the cash flows expected to be collected from the investment to its purchase cost. To prepare its best estimate of cash flows expected to be collected, the Company develops a number of assu... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Company's MSR financing receivables are referenced and (ii) fees payable to the counterparty. In each subsequent quarterly reporting period, the amount and timing of cash flows expected to be c... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ively such that the positive change in cash flows is recognized as incremental interest income over the remaining life of the investment.
The amount of periodic interest income recognized over the r... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(Loss) Per Share
Basic earnings (loss) per share includes no dilution and is computed by dividing net income or loss applicable to common stock by the weighted-average number of common shares outst... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
shares outstanding
29,243
32,312
Net income (loss) available (attributable) to common stock
2,642
(12,431
Basic earnings (loss) per common share
0.09
(0.38
Diluted earnings (loss) per commo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
credit securities, subsequent measurement
Note 5
Loans held for investment, subsequent measurement
Note 6
Investments in MSR financing receivables, subsequent measurement
Note 7
Investments in... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
or expected effect on the Company’s consolidated financial statements:
Standard
Description
Date ofAdoption
Effect on the ConsolidatedFinancial Statements
Recently Issued Accounting Guidance No... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2020 through December 31, 2024.
Not yet adopted.
To date, any modifications due to reference rate reform have not had a material impact to the Company. Arlington Asset Investment Corp. has not ele... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, the fair value of the Company’s investments in agency MBS was $443,540 and $483,927, respectively. As of December 31, 2022 and 2021, all of the Company’s investments in agency MBS represent undivi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to investments in agency MBS:
Year Ended December 31,
2022
2021
Net gains (losses) recognized in earnings for:
Agency MBS still held at period end
(21,522
(15,116
Agency MBS sold during the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Arlington Asset Investment Corp. has elected to classify its investments in credit securities as trading securities. Accordingly, the Company’s investments in credit securities are reported in the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(loss), net” in the accompanying consolidated statements of comprehensive income. The following
F-11
table provides additional information about the gains and losses recognized as a component of “... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Company held a loan secured by a first lien position in healthcare facilities and guaranteed by the operator of the facilities with an outstanding principal balance of $
29,264
and $
29,697
, re... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
As of December 31, 2022 and 2021, the Company was party to a participation agreement pursuant to which the Company has committed to fund up to $
30,000
of a $
130,000
revolving credit facility th... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
fee of
0.50
%. As of December 31, 2022 and 2021, the Company’s funded loan advances were $
4,914
and $
, respectively, which are included in the line item "other assets" in the accompanying co... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
” in the accompanying consolidated statements of comprehensive income. As of
December 31, 2022 and 2021
, the Company’s loans held for investment were $
34,178
and $
29,697
, respectively, at ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
party through an MSR financing transaction. Under the terms of the arrangement, for an MSR acquired by the mortgage servicing counterparty (i) the Company purchases the “excess servicing spread” fro... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to distributions of corresponding proceeds of sale of the MSRs), net of fees earned by the mortgage servicing counterparty and its affiliates including an incentive fee equal to a percentage of the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the counterparty’s advances of payments on the serviced pool of mortgage loans. The mortgage servicing counterparty is required to return to the Company subsequent servicing advances collected from ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
request the mortgage servicing counterparty utilize leverage on the MSRs to which the Company’s MSR financing receivables are referenced to finance the purchase of additional MSRs. As of December 3... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
attributed to interest income recognized as a component of “investment and derivative gain (loss), net” in the accompanying consolidated statements of comprehensive income. As described in further ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
table presents activity related to the carrying value of the Company’s investments in MSR financing receivables for the periods indicated:
Year Ended December 31,
2022
2021
Balance at period beg... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
rental properties. During 2022, the Company sold its portfolio of SFR properties and is currently no longer anticipating allocating capital to its SFR investment strategy. Arlington Asset Investme... |
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