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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.
and the financial statements. As of December 31, 2022 and 2021, the Company assessed the need for recording a provision for any uncertain tax position and has made the determination that such provis... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
debt and non-cancelable lease agreements. The following table sets forth these contractual obligations by fiscal year as of December 31, 2022:
2023
2024
2025
2026
2027
Thereafter
Total
Long-... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
shares of Class B common stock, par value $
0.01
per share. Holders of the Class A and Class B common stock are entitled to
one
vote and
three
votes per share, respectively, on all matters vote... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
is publicly traded on the New York Stock Exchange under the ticker symbol “AAIC.”
Common Equity Distribution Agreements
On August 10, 2018, the Company entered into separate common equity distribu... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of 1933, including sales made directly on the NYSE or sales made to or through a market maker other than on an exchange or, subject to the terms of a written notice from the Company, in privately ne... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
000 shares of Class A common stock (the "Repurchase Program"). Repurchases under the Repurchase Program may be made from time to time on the open market and in private transactions at management’s d... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
371
shares, respectively, of Class A common stock for a total purchase price of $
9,316
and $
12,475
, respectively. As of
December 31, 2022
, there remain available for repurchase
10,195,70... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
shares designated as 8.250% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”), par value of $
0.01
per share; and (iv)
20,400,000
shares of un... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and Series C Preferred Stock are publicly traded on the New York Stock Exchange under the ticker symbols “AAIC PrB” and “AAIC PrC,” respectively.
The Series B Preferred Stock has no stated maturity... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
or not authorized or declared), exclusively at the Company’s option.
Dividends are payable quarterly in arrears on the 30th day of March, June, September and December of each year, when and as decl... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
rate equal to
8.250
% per annum of the $
25.00
per share liquidation preference (equivalent to $
2.0625
per annum per share) and (ii) from and including
March 30, 2024
, at a floating rate e... |
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 qualification as a REIT.
Dividends are payable quarterly in arrears on the 30th day of March, June, September and December of each year, when and as declared.
Arlington Asset Investm... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Trading Institutional Services LLC and Ladenburg Thalmann & Co. Inc., pursuant to which the Company may offer and sell, from time to time, up to 1,647,370 shares of the Company’s Series B Preferred S... |
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, the Company issued
6,058
and
37,337
shares of Series B Preferred Stock at a weighted average public offering price of $
24.87
per share and $
24.99
per share for proceeds ne... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Plan at its annual meeting of shareholders on June 2, 2010. On April 9, 2018, the Board of Directors approved a first amendment to the Rights Plan (“First Amendment”) to extend the term for an addi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
as defined under the Rights Plan) from $
70.00
to $
21.30
Under the terms of the Rights Plan, in general, if a person or group acquires or commences a tender or exchange offer for beneficial owne... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
carryforwards, and built-in losses under Sections 382 and 383 of the Internal Revenue Code. Arlington Asset Investment Corp.’s ability to use its NOLs, NCLs and built-in losses would be limited if i... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
“ownership change” as defined by Section 382.
The Rights Plan, as amended by the Second Amendment, and any outstanding rights will expire at the earliest of (i) June 4, 2025, (ii) the time at which... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
with long-term incentive compensation in the form of stock-based awards. On April 29, 2021, the Board of Directors adopted the Arlington Asset Investment Corp. 2021 Long-Term Incentive Plan (the “20... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Plans and the applicable award agreement.
Under the 2021 Plan, a maximum number of
5,256,076
shares of Class A common stock of the Company, subject to adjustment as set forth in the 2021 Plan, we... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
will be available for future grants under the 2021 Plan. As of
December 31, 2022
4,397,394
shares remained available for issuance under the 2021 Plan; however, the shares remaining available for... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of Directors may grant restricted stock, restricted stock units (“RSUs”), stock options, SARs and/or other stock-based awards. Under the 2021 Plan, shares issued upon the exercise of a stock option ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the 2021 Plan during any twelve-month period with respect to the number of shares that have a fair market value on the date of grant that exceeds $160. The 2021 Plan will terminate on the tenth anni... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
stock following the achievement of performance goals over the applicable performance periods. Compensation costs for Performance-based Stock Awards subject to nonmarket-based performance conditions... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
achievement of the market-based performance metrics. These initial valuation amounts are recognized as expense over the requisite performance periods, subject only to adjustments for changes in esti... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and approved by the Compensation Committee plus dividends on a reinvested basis) during the applicable performance period (“Book Value Awards”), and (iv) the share price of the Company's common stoc... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
291
47,710
Relative TSR Award grant date fair value per share
5.83
6.55
Book Value Awards granted
103,000
Book Value Award grant date fair value per share
3.37
Stock Price Awards granted
1,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
model to measure the grant date fair value per share of the Company’s Absolute TSR Awards, Relative TSR Awards and Stock Price Awards for the periods indicated:
Absolute TSR Awards Granted in:
Rel... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
3)
0.00
0.00
0.00
0.00
0.00
Risk-free rate (4)
1.01
0.34
1.01
0.34
2.97
Discount for illiquidity (5)
0.00
0.00
0.00
0.00
8.42
(1) Based upon the 30 trading days prior to and includi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Award is earned. Applying dividend yield assumption of 0.00% in the Monte Carlo simulation is mathematically equivalent to reinvesting dividends on a continuous basis and including the value of the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
2021
, the Compensation Committee established a
three-year
performance period. The actual number of shares of Class A common stock that will be issued to each participant at the end of the appli... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
on a one-for-one basis.
For Book Value Awards granted during the year ended December 31, 2022, the Compensation Committee established a
one-year
performance period that ended on December 31, 2022... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
terms of the award agreement.
For Stock Price Awards granted during the year ended December 31, 2022, the Compensation Committee established a
three-year
performance period. If the market price ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, 2022, the market price of the Company's common stock had not met any of the price performance goals for 45 consecutive trading days.
For the ROE Awards granted in prior years, the Compensation Com... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
stock and are paid out in shares of Class A common stock at the end of the performance period to the extent that the underlying Performance-based Stock Awards vest.
For the years ended December 31,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
can be greater or less than the amount of Performance-based shares outstanding depending upon the actual results compared to the performance goals. As of
December 31, 2022 and 2021
, the Company h... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
years ended December 31, 2022 and 2021, there were
and
82,124
ROE Awards, respectively, including dividend equivalents, that were earned and converted into an equal number of shares of restricted... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
straight-line basis over the requisite service periods for the awards, as adjusted for changes in estimated, and ultimately actual, forfeitures.
F-34
Arlington Asset Investment Corp. grants restri... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
22,000
6.54
Vestitures
(214,369
5.89
Share Balance as of December 31, 2021
759,035
4.16
1.5
Granted
384,291
3.42
Forfeitures
(12,167
3.57
Vestitures
(300,317
4.44
Share Balance as o... |
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
, the Company had unrecognized compensation expense related to restricted stock awards of $
1,262
and $
1,847
, respectively. The unrecognized compensation expense as of
December ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
revocable trust and are not returnable to the Company. No such shares were issued in 2022 and 2021. As of December 31, 2022 and 2021, the Company had 9,155 vested shares of the undistributed restrict... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of $
6.83
per share. The grant date fair value of the award was based on the closing price of the Class A common stock on the New York Stock Exchange on the date of grant. The RSUs vested equall... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
outstanding RSUs. Instead, dividend equivalents were accrued on outstanding RSUs, deemed invested in shares of Class A common stock and were paid out in shares of Class A common stock on the vesting... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
costs for RSU awards subject only to service conditions are measured at the closing stock price on the dates of grant and are recognized as expense on a straight-line basis over the requisite servic... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
date the non-employee director ceases to be a member of the Company’s Board or the first anniversary of the grant date. For RSUs granted under certain Prior Plans, the RSUs are convertible into shar... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
,450
98,035
Grant date fair value
3.02
4.08
The grant date fair value is based on the closing price of the Class A common stock on the New York Stock Exchange on the date of grant. For the years... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Company did not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance, or special purpose entities or VIEs, establis... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
direct the activities that most significantly impact the economic performance of the VIE and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significa... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the aforementioned asset-back revolving credit facility funding commitment.
F-36
cik:1209028
ticker:AAIC
name:Arlington Asset Investment Corp.
exchange:NYSE
filing_type:10-K
|
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
``` 11111
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
F... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
8
(State or Other Jurisdiction ofIncorporation or Organization)
(I.R.S. EmployerIdentification No.)
6862 Elm Street, Suite 320McLean, VA
22101
(Address of Principal Executive Offices)
(Zip Code... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
C
NYSE
6.000% Senior Notes due 2026
AAIN
NYSE
6.75% Senior Notes due 2025
AIC
NYSE
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes
No
Indicate by check mark whether the registrant is a large ac... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
1.
Consolidated Financial Statements and Notes — (unaudited)
Consolidated Balance Sheets
Consolidated Statements of Comprehensive Income
Consolidated Statements of Changes in Equity
Consolidate... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Item 4.
Mine Safety Disclosures
55
Item 5.
Other Information
55
Item 6.
Exhibits
55
Signatures
58
PART I
FINANCIAL INFORMATION
Item 1. Financial Statements
ARLINGTON ASSET INVESTMENT CO... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
443,540
MSR financing receivables, at fair value
183,058
180,365
Credit securities, at fair value
102,564
104,437
Mortgage loans, at fair value
27,798
29,264
Mortgage loans of consolidate... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
348
515,510
Secured debt of consolidated VIEs, at fair value
160
169,345
Long-term unsecured debt
86,508
86,405
Other liabilities (includes $-0- and $262, respectively, from consolidated VIEs... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
liquidation preference of $23,928)
23,820
23,820
Class A common stock, $0.01 par value, 450,000,000 shares authorized, 28,360,447 and 28,186,827 shares issued and outstanding, respectively
284
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
VIEs
Cash and restricted cash
2,487
Mortgage loans, at fair value
1,344
193,957
Other assets
1,850
2,067
Secured debt, at fair value
(160
(169,345
Other liabilities
(262
Net investment... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Agency mortgage-backed securities
4,976
1,492
Credit securities and loans
2,762
853
Mortgage loans of consolidated VIEs
1,398
1,354
Other
179
325
Total interest and other income
14,000... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
3,697
Investment and derivative loss, net
(3,851
(827
General and administrative expenses
Compensation and benefits
2,255
2,065
Other general and administrative expenses
1,656
1,219
Tota... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(0.10
(0.12
Weighted-average common shares outstanding (in thousands)
Basic
28,004
29,832
Diluted
28,004
29,832
See notes to consolidated financial statements.
ARLINGTON ASSET INVESTMENT ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
27,356
30,676,931
307
2,030,315
(1,842,703
224,127
Net loss
(2,701
(2,701
Issuance of Class A common stock under stock-based compensation plans
404,746
(4
Forfeiture of Class A common... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Balances, March 31, 2022
379,668
9,001
1,117,034
27,356
30,059,944
301
2,027,585
(1,846,146
218,097
Series BPreferredStock(#)
Series BPreferredAmount($)
Series CPreferredStock(#)
Serie... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
loss
(2,218
(2,218
Issuance of Class A common stock under stock-based compensation plans
198,324
(2
Repurchase of Class A common stock under stock-based compensations plans
(24,704
(74
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
(Unaudited)
Three Months Ended March 31,
2023
2022
Cash flows from operating activities:
Net loss
(2,218
(2,701
Adjustme... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
benefits
(2,959
(1,977
Net cash used in operating activities
(4,416
(2,273
Cash flows from investing activities:
Purchases of agency mortgage-backed securities
(42,729
(78,874
Purchases of... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
6,179
12,717
Receipt of principal payments on credit securities
1,309
308
Receipt of principal payments on loans
6,380
105
Receipt of principal payments on mortgage loans of consolidated VIE
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
net
(31,161
(161,761
Repayments of secured debt of consolidated VIE
(3,495
(13,576
Repurchase of common stock
(3,497
Proceeds from issuance of preferred stock
149
Proceeds from long-term d... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
31,858
Supplemental cash flow information:
Cash payments for interest
8,001
3,278
Cash (refunds) payments for income taxes
(52
Non-cash investing activity:
Assets of VIE upon consolidation
... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of Presentation
Arlington Asset Investment Corp. (“Arlington Asset”) and its consolidated subsidiaries (unless the context otherwise provides, collectively, the “Company”) is an investment firm tha... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
residential solar panel loans. Arlington Asset Investment Corp.’s agency MBS consist of residential mortgage pass-through certificates for which the principal and interest payments are guaranteed b... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). As a REIT, the Company is required to distribute ann... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
may extend into the subsequent taxable year.
The unaudited interim consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect amounts reported in the consolidated financial statements. Although the Company bases ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
with original maturities of three months or less. As of March 31, 2023 and December 31, 2022
, approximately
68
% and
84
%, respectively, of the Company’s cash equivalents were invested in mone... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
or traditional for that specific type of security. Any amounts payable or receivable for unsettled security trades are recorded as “sold securities receivable” or “purchased securities payable” in t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, as an adjustment to contractual interest income accrued at each investment’s stated interest rate. The interest method is applied at the individual instrument level based upon each instrument’s ef... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
interest income such that the contractual effective interest rate on any remaining security or loan balance is unaffected.
For mortgage loans of consolidated VIEs, the Company ceases the accrual of... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
income only when interest payments occur.
Interest Income Recognition for Investments in Other Credit Securities and MSR Financing Receivables
Arlington Asset Investment Corp. recognizes interest ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
rate that equates the present value of the Company’s best estimate of the amount and timing of the cash flows expected to be collected from the investment to its purchase cost. To prepare its best e... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to advances obtained via its third-party secured financing facility collateralized by MSRs to which the Company's MSR financing receivables are referenced and (ii) fees payable to the counterparty. ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
flows.
A revised effective interest rate is calculated and applied prospectively such that the positive change in cash flows is recognized as incremental interest income over the remaining life of ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the estimate of expected remaining cash flows.
Other Significant Accounting Policies
Certain of the Company’s other significant accounting policies are summarized in the following notes:
Investme... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
13
Stock-based compensation
Note 16
Refer to the Company’s 2022 Annual Report on Form 10-K for a complete inventory and summary of the Company’s significant accounting policies.
Recent Accounting... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
contracts as well as cash flow and fair value hedge accounting relationships that reference a rate, such as the London Interbank Offered Rate (“LIBOR”), that is expected to be discontinued because o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
. Investments in Agency MBS
Arlington Asset Investment Corp. has elected to classify its investments in agency MBS as trading securities. Accordingly, the Company’s investments in agency MBS are re... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and derivative gain (loss), net” in the accompanying consolidated statements of comprehensive income. The following table provides additional information about the gains and losses recognized as a c... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to-be-announced security transactions commonly referred to as “dollar rolls.” Dollar rolls are accounted for as a sequential series of derivative instruments. Refer to “Note 10. Derivative Instrumen... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of non-agency MBS collateralized by pools of business purpose residential mortgage loans or commercial mortgage loans and ABS collateralized by pools of residential solar panel loans.
All periodic ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(842
Credit securities sold during the period
Total
(689
(842
Note 5. Loans Held for Investment
As of March 31, 2023 and December 31, 2022
, the Company held a position in a syndicated loan se... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
61%
. The loan had a maturity date of
March 23, 2023
. On March 23, 2023, the loan was amended to grant the borrower a three-month extension of the maturity date to
June 23, 2023
and to grant ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
facility that matures on
July 7, 2024
. Under the terms of the participation agreement, the Company was required to fund the last $
30,000
of advances under the revolving credit facility. Any ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
accompanying consolidated balance sheets. On February 27, 2023, our $
30,000
commitment was terminated.
Arlington Asset Investment Corp. has elected to account for its loans held for investment ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
in MSR Financing Receivables
Arlington Asset Investment Corp. does not hold the requisite licenses to purchase or hold MSRs directly. However, the Company has entered into agreements with a licens... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and (ii) the Company funds the balance of the MSR purchase price to the parent company of the mortgage servicing counterparty and, in exchange, has an unsecured right to payment of certain amounts d... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
3
and $
25,000
of the minimum commitment expiring on
April 1, 2024
. As of
March 31, 2023, the Company has fully funded its minimum capital commitment.
Under the arrangement, the Company is o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
funds of $
4,202
and $
6,046
, respectively, to its mortgage servicing counterparty related to the counterparty’s servicing advances made pursuant to the MSRs to which the Company’s MSR financin... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
receivables are referenced.
Arlington Asset Investment Corp. accounts for transactions executed under its arrangement with the mortgage servicing counterparty as financing transactions and reflects... |
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