Interest Rates ImpactThe increase in interest rates and the higher-for-longer rate outlook has created headwinds for ABR’s business, such as the need for additional loan modifications to manage through problem loans, lower new originations, lower agency volumes, and increasing REO activity, which will be a drag on earnings.
Short Seller ActivityThe attacks from short sellers in ABR shares have not subsided materially with short interest currently about 34% of total shares.