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New York Mortgage Trust, Inc. together with its consolidated subsidiaries (NYMT) is a self-advised real estate investment trust (REIT), in the business of investing in residential adjustable rate mortgage-backed securities issued by a United States government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae), or the Federal Home Loan Mortgage Corporation (Freddie Mac), prime credit quality residential adjustable-rate mortgage (ARM) loans, or prime ARM loans, and non-agency mortgage-backed securities. On February 22, 2007, the Company completed the sale of its wholesale lending business to Tribeca Lending Corp. (Tribeca Lending), a subsidiary of Franklin Credit Management Corporation.(Source: 10-K)