Profile: Arlington Asset Investment Corp (AI.N)
23 Aug 2019
Arlington Asset Investment Corp., incorporated on December 17, 2004, is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Private-label MBS, or non-agency MBS, include residential MBS that are not guaranteed by a GSE or the United States Government.
The Company funds its investments primarily through short-term financing arrangements. Agency MBS consist of residential pass-through certificates that are securities representing undivided interests in pools of mortgage loans secured by residential real property. The Company may also invest in agency MBS collateralized by adjustable-rate mortgage loans (ARMs) or hybrid ARMs. The Company may also invest in agency MBS through agency collateralized mortgage obligations (CMO), which are securities that are structured instruments representing interests in agency residential pass-through certificates. The Company purchases agency MBS either in initial offerings or in the secondary market through broker-dealers or similar entities. The private-label MBS in which the Company invests are generally backed by a pool of single-family residential mortgage loans. These certificates are issued by originators of, investors in, and other owners of residential mortgage loans, including savings and loan associations, savings banks, commercial banks, mortgage banks, investment banks and special purpose conduit subsidiaries of these institutions. Private-label MBS are backed by pools of residential mortgages that can be composed of prime or non-prime mortgage loans.
The Company competes with the United States Treasury, Fannie Mae and Freddie Mac.
Arlington Asset Investment Corp
1001 19th St N Ste 1900
ARLINGTON VA 22209-1720