BRIEF-New York Mortgage to buy securities from Freddie Mac sponsored securitization

Oct 2 (Reuters) - New York Mortgage Trust Inc :

* In December quarter to buy 1st loss PO security,some IO securities from

2 separate Freddie Mac sponsored securitization

* Says aggregate purchase price of securities approximately $53 million-SEC


* Expects to finance purchases, with portion of the net proceeds from public

offering of common stock

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