New York Mortgage Trust, Inc. actively acquires, invests in, finances, and oversees a diverse portfolio of residential mortgage-related assets throughout the United States, encompassing both single-family and multi-family properties. Its investment strategy focuses on various instruments, including a range of residential loans (such as first and second mortgages, and business-purpose loans), alongside structured multi-family property investments like preferred equity stakes, mezzanine financing for owners, and joint venture equity partnerships. The company's holdings also extend to both non-agency and agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other assets tied to mortgages, housing, and credit.