Anworth Mortgage Asset Corp. tumbles on default notice
Shares of Anworth Mortgage Asset Corp. (NYSE: ANH) are sinking ahead of the opening bell this morning after the investor in mortgage-backed securities and residential mortgage loans reported late Wednesday that it received a default notice from a unit of Deutsche Bank.
This latest notice comes after previous default notices were issued to its Belvedere Trust Mortgage Corp unit from subsidiaries of Washington Mutual (NYSE: WM) and Barclays (NYSE: BCS), the company reported in a SEC filing.
Anworth Mortgage said the subsidiary owes the three lenders about $139 million.
Shares of Anworth Mortgage tumbled 16.92%, or $0.66, to $3.24 ahead of the bell, as credit jitters persist.
