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<ACCESSION-NUMBER>0001144204-08-004176
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20080124
<ITEMS>2.02
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20080125
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<CONFORMED-NAME>NEW YORK MORTGAGE TRUST INC
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<STATE-OF-INCORPORATION>MD
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<FILE-NUMBER>001-32216
<FILM-NUMBER>08551913
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<BUSINESS-ADDRESS>
<STREET1>1301 AVENUE OF THE AMERICAS
<CITY>NEW YORK
<STATE>NY
<ZIP>10019
<PHONE>2126349400
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>v100828_8k.htm
<TEXT>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
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&#8220;Company&#8221;) pursuant to Item 7.01 of Form 8-K in satisfaction of the public
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      </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      following exhibit is being furnished herewith this Current Report on Form
      8-K.</font></div>
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                Release dated January 24, 2008.</font></div>
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            <td>&#160;</td>
            <td>&#160;</td>
            <td><strong><font size="2">NEW YORK MORTGAGE TRUST,
              INC.</font></strong></td>
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            <td>&#160;</td>
            <td>&#160;</td>
            <td><strong><font size="2">(Registrant)</font></strong></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:&#160;January
              25,<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
              2008</font></font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;/s/&#160;Steven
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Chief
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              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release dated January 24, 2008.</font></div>
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    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><IMG SRC="nymt.jpg"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><u>FOR
      IMMEDIATE RELEASE</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>NEW
      YORK MORTGAGE TRUST ISSUES EARNINGS GUIDANCE FOR 2008</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>NEW
      YORK January 24, 2008 </strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">-
      New York Mortgage Trust, Inc. (OTC BB: NMTR) ("NYMT" or the "Company") today
      provided earnings guidance for 2008. While the Company has not completed its
      2007 audit, it expects that its book value per common share as of December
      31,
      2007 will be between $5.10 and $5.30 per share. Shares outstanding as of
      December 31, 2007 were approximately 3.64 million. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">On
      January 22, 2007 the Company announced that it had raised $20 million through
      a
      convertible preferred stock investment by JMP Group, Inc. (NYSE: JMP) and
      certain of its affiliates. The net proceeds from the offering have been used
      to
      purchase Agency mortgage-backed securities (&#8220;Agency MBS&#8221;). </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">The
      Company currently projects that, given the relatively steep yield curve, wide
      Agency MBS spreads and declining financing costs, earnings per share for 2008
      will be in the range of $0.45 to $0.55. Management also believes that marginal
      returns on additional invested capital will be accretive to the current estimate
      for 2008 earnings per share. This projection assumes that current market
      conditions will remain unchanged for the duration of the 2008 fiscal year.
      This
      projection is subject to various risks and uncertainties. See &#8220;Forward Looking
      Statements&#8221; below. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><u>About
      New York Mortgage Trust </u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">New
      York Mortgage Trust, Inc. is a self-advised real estate investment trust (REIT)
      engaged in the investment management of mortgage-backed securities (MBS) and
      high credit quality residential adjustable rate mortgage (ARM) loans. As of
      March 31, 2007, the Company exited the mortgage lending business. As a REIT,
      the
      Company is not subject to federal income tax, provided that it distributes
      at
      least 90% of its REIT income to stockholders. </font></div>
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          <tr>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong><u>For
                Further Information</u></strong></font></div>
            </td>
            <td align="left" valign="bottom" width="65%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">AT
                THE COMPANY</font></div>
            </td>
            <td align="left" valign="bottom" width="65%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">AT
                FINANCIAL RELATIONS BOARD</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Steven
                R. Mumma, Co-CEO, President,</font></div>
            </td>
            <td align="left" valign="bottom" width="65%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Joe
                Calabrese (General) 212-827-3772</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Chief
                Financial Officer</font></div>
            </td>
            <td align="left" valign="bottom" width="65%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Julie
                Tu (Analysts) 212-827-3776</font></div>
            </td>
          </tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Phone:
                212-792-0107</font></div>
            </td>
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          </tr>
          <tr>
            <td align="left" valign="bottom" width="35%">
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                <u>smumma@nymtrust.com</u></font></div>
            </td>
            <td align="left" valign="bottom" width="65%">&#160;</td>
          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><em>Certain
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      risks, uncertainties and other unpredictable factors, many of which are beyond
      the Company's control. The Company faces many risks that could cause its actual
      performance to differ materially from the results predicted by its
      forward-looking statements, including, without limitation, that a rise in
      interest rates may cause a decline in the market value of the Company's assets,
      prepayment rates may change, borrowings to finance the purchase of assets may
      not be available or may not be available on favorable terms, the Company may
      not
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      Company may become affected by the risks associated with investing in mortgage
      loans, including changes in loan delinquencies, and the Company's hedging
      strategies may not be effective. The reports that the Company files with the
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      many other risks to which the Company is subject. Because of those risks, the
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