September 6, 2024 – On September 4, 2024 the SEC FOIA office responded to a Viceroy-instigated appeal of records withheld under FOIA exemption 7(A). The appeal was denied, and enforcement staff confirmed the existence of responsive records concerning Arbor Realty Trust. A redacted copy of the appeal denial is appended to this report.
Arbor has used undisclosed related party transactions and other value-destructive tactics to artificially inflate the value of its deteriorating loan book. Foreclosures are rising, the company has resorted to reposting auctions, knowing bids will not even cover the loan balance of the foreclosed properties.