New York Mortgage Trust, Inc. (NYSE: NYMTI) operates as a real estate investment trust that acquires, invests in, and finances mortgage-related assets, including residential mortgage-backed securities, residential loans, multi-family and commercial mortgage-backed securities, and business purpose loans; it focuses on agency RMBS, non-agency residential credit, and commercial real estate debt and equity investments. Headquartered in New York City and founded in 1989, the company targets institutional and retail investors with a diversified portfolio emphasizing interest income from performing loans, distressed assets, and securitizations, while operating primarily in the United States. In recent developments, the company completed the acquisition of the remaining 50% stake in Constructive Loans, LLC in July 2025, a leading originator of business purpose loans having produced over $1.7 billion in originations in the prior year, enhancing its residential credit capabilities; issued $90 million of 9.875% senior notes due 2030 in July 2025; completed a $345.9 million residential loan securitization in July 2025; and announced a corporate rebrand to Adamas Trust, Inc. effective September 3, 2025, with trading symbols changing from NYMT to ADAM.