Anworth Mortgage Asset Corporation is a mortgage real estate investment trust.

The company borrows money, primarily via short term repurchase agreements, and reinvests the proceeds in asset-backed securities. As of December 31, 2016, 73% of the company's assets were mortgage-backed securities issued by either Fannie Mae or Freddie Mac. The company generates profits from the net interest spread between the interest earned from its assets and its borrowing costs, which is amplified from the use of leverage. As of December 31, 2016, the company had a debt-to-equity ratio of 5.65.

As of December 31, 2016, the weighted average days to maturity of its repurchase agreements was 37 days.

The company is externally managed by Anworth Management, LLC, which owned by executives of the company; the company pays an annual fee of 1.20% of equity for management services.

On March 17, 1998, the company commenced operations and became a public company via an initial public offering.

In August 2007, the company's subsidiary, Belvedere Trust Mortgage Corporation, received a notice of default.

Effective December 31, 2015, Thad M. Brown retired from his position as chief financial officer and was replaced by Charles J. Siegel.