New York Mortgage Trust (NYMT -2.4%) falls after reporting Q3 EPS of $0.30. Book value/share...

|About: New York Mortgage Trust,... (NYMT)|By:, SA News Editor

New York Mortgage Trust (NYMT -2.4%) falls after reporting Q3 EPS of $0.30. Book value/share grew just $0.02 to $6.51. Net interest margin declines to 470 bps from 595 bps in Q2. The proceeds of 2 secondaries in the quarter were used to buy agency MBS. Multi-family CMBS holdings make up just over 11% of the portfolio. (PR)