0 minute readArlington Asset Investment Corp., which has shifted its focus from investment banking to mortgage banking, reported its second straight profitable quarter for the first three months of 2010. The Arlington-based firm reported net income of $4.6m, or 59 cents per diluted share, for the period ended March 31, compared to net income of $101.6m, or $13.33 per diluted share, for the quarter ended March 31, 2009. In the year-ago quarter, results included a pre-tax gain of $132.5m from the extinguishment of trust preferred securities related to the exit from investment banking.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio