How a New York mortgage broker went from the financial crisis to homelessness – to living in Peru [CNBC]
New York Mortgage Trust, Inc. (NYMT)
Last new york mortgage trust, inc. earnings: 2/24 04:05 pm
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Source: CNBC
Sam Clune Lima, Peru neighborhood where former mortgage broker Sam Clune now resides. The 2008 financial crisis that morphed into the Great Recession hit people like Sam Clune with a vengeance. The former mortgage broker ended up being homeless, and his road to recovery is still is winding on 10 years later. Fresh out of college in 2004 and saddled with student loan debt, Clune went to work in the mortgage brokerage industry in upstate New York . He was preparing for what then looked like a promising career. But within a few years, the business was turned upside down as the subprime mortgage crisis and credit crunch shook Wall Street to its core and the economy was left in shambles. Subprime loans bundled into securities became toxic assets for banks as delinquencies and foreclosures grew. Lehman Brothers, one of the nation's oldest investment banks and one that bought massive amounts of the risky subprime loans, ended up filing for bankruptc
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NYMT
News
- New York Mortgage Trust, Inc. (NASDAQ: NYMT) had its "buy" rating re-affirmed by analysts at B. Riley. They now have a $11.00 price target on the stock, down previously from $15.00.MarketBeat
- New York Mortgage Trust Declares First Quarter 2024 Common Stock Dividend of $0.20 Per Share, and Preferred Stock DividendsGlobeNewswire
- New York Mortgage Trust, Inc. (NASDAQ:NYMT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- New York Mortgage Trust, Inc. (NASDAQ: NYMT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- New York Mortgage Trust Inc (NYMT) Reports Mixed Results for Q4 and Full Year 2023 [Yahoo! Finance]Yahoo! Finance
NYMT
Earnings
- 2/21/24 - Beat
NYMT
Sec Filings
- 3/13/24 - Form 8-K
- 2/23/24 - Form 10-K
- 2/21/24 - Form 8-K
- NYMT's page on the SEC website