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Affirmative Mortgage

1998: Sec. Andrew Cuomo Defends Affirmative Action Mortgage Policy

Andrew Cuomo admits "affirmative action" determined housing policy during his tenure at HUD. New York's new governor defiantly ...

Opinion analysis: Standing, intervention and a narrow disposition

In 2012, Sherman sued the town of Chester in state court on a host of federal and state claims, including for a regulatory taking; the town removed the case to federal district court and the case took one trip to the U.S. Court of Appeals for the 2nd Circuit. On remand to the federal district court, Laroe moved to intervene as of right. It argued that it was the equitable owner of the property at issue in Sherman’s action, which gave it an interest in that property; that its interest would be impaired by Sherman’s lawsuit; and that Sherman did not adequately represent Laroe’s interests because Sherman had his own litigation agenda. Laroe filed an intervenor’s complaint asserting a regulatory-takings claim substantially identical to Sherman’s, seeking a judgment in its favor against the town and an award of damages to Laroe as “compensation for the taking of Laroe’s interest” in the property. The Supreme Court granted certiorari to decide whether an intervenor-of-right such as Laroe must have Article III standing.

Anworth Announces Annual Meeting Results | Business Wire

Of the votes cast (excluding abstentions but including broker non-votes). The final voting results for each proposal will be filed today with the U.S. Securities and Exchange Commission on a Current Report on Form 8-K and will be available for viewing on our website at http://www.anworth.com .

About Anworth Mortgage Asset Corporation

Anworth is an externally-managed mortgage real estate investment trust. Our principal business is to invest primarily in mortgage-backed securities which are either rated “investment grade” or are guaranteed by federally sponsored enterprises such as Fannie Mae or Freddie Mac. We seek to generate income for distribution to our shareholders primarily based on the difference between the yield on our mortgage assets and the cost of our borrowings. We are managed by Anworth Management, LLC, or the Manager, pursuant a management agreement. The Manager is subject to the supervision and direction of our Board of Directors and is responsible for (i) the selection, purchase and sale of our investment portfolio; (ii) our financing and hedging activities; and (iii) providing us with management services and other services and activities relating to our assets and operations as may be appropriate. Our common stock is traded on the New York Stock Exchange under the symbol “ANH.” Anworth is a component of the Russell 2000® Index.

anybody recall the details how bill clinton got the affirmative action mortgage laws changed in 1995?

robert greenwald and james h.


In the late 1990's, the then CEO Franklin Raines relaxed lending standards at Fannie Mae to allow subprime borrowers to obtain loans. This was done under the direction of the Clinton Administration. Relaxing of Lending Standards
http://en.wikipedia.