New York Mortgage Trust, Inc. Announces One for Five Reverse Stock Split (PR Newswire via Yahoo! Finance)
New York Mortgage Trust, Inc. today announced that its Board of Directors approved a one for five reverse stock split, effective at 12:01 a.m. ET on October 9, 2007.

New York water rates may soar as revenues fall (New York Daily News)
The subprime mortgage crisis may be taking a toll on New York's water payments - and could force every water customer to pay higher bills next year.

New York Mortgage Trust Board Approves One For Five Reverse Stock Split - Quick Facts (Nasdaq)
(RTTNews) - New York Mortgage Trust Inc. (NMTG.OB) said that its Board approved a one for five reverse stock split, effective on October 9, 2007. As a result of the reverse stock split, every five shares of New York Mortgage Trust's common stock will be automatically converted into one share of common stock.

New York Mortgage Trust, Inc. Omits Common Stock Dividend for Third Quarter; Confirms Preferred Stock Dividend (PR Newswire via Yahoo! Finance)
New York Mortgage Trust, Inc. today announced that for the quarter ending September 30, 2007, the Company's Board of Directors decided to omit a dividend on shares of its common stock.

Mortgage turmoil: 170 at Credit Suisse lose their jobs (New York Daily News)
Mortgage turmoil cost more people their jobs yesterday, including 170 mostly New York-based workers at Credit Suisse.