October 28, 2025 –Arbor’s October CLO reporting data is completely fabricated. We have reported significant misstatements in the past about obvious errors in Arbor’s CLO reporting, however no single month has recorded so many erroneous entries in its CLO reporting. Arbor has cured $350m of
September 19, 2025 –MFR net spreads continue to nosedive, DCRS show a slight improvement due to a fall in spread (Arbor revenues). Arbor >30-day delinquencies have remained relatively flat, however we observe a significant number of 90+ day delinquencies are moving off-balance-sheet, presumably into foreclosures.
August 6, 2025 – Arbor’s 10-Q marks the first time Arbor appears to be forced to sell foreclosed assets at significant discounts to UPB and outstanding loan balances. Even Arbor’s comically inflated distributable income output is not sufficient to cover its dividend this quarter. Arbor’s
July 24, 2025 –Arbor Realty’s net spreads continue to nosedive, suggesting a further fall in Q2 2025 revenues. More significant errors in Arbor’s reporting of delinquencies, total debt, and debt servicing costs against underlying collateral have also been uncovered. Arbor’s underlying CLO Debt Service Coverage
May 21, 2025 –Arbor net spreads continue to nosedive, suggesting a further fall in Q2 2025 revenues. More significant errors in Arbor’s reporting of delinquencies, total debt, and debt servicing costs against underlying collateral have also been uncovered. Either the DSCR of Arbor CLOs have
April 24, 2025 – Arbor have closed 2 CLOs last month, announcing that loans will be placed in allegedly cheaper repo lines. We have amended the surveillance reporting of the remaining CLOs accordingly and uncovered more significant errors in Arbor’s reporting of total debt against
March 24, 2025 – Arbor have closed 2 CLOs this month, announcing that loans will be placed in allegedly cheaper repo lines. This report will show that cheaper financing is nothing but a fairytale woven by management. Arbor performance has continued to rapidly deteriorate, as
March 4, 2025 – Arbor’s 10-K is littered with creative accounting and outright incorrect data as its window-dressing campaign continues. This report will highlight the most egregious examples of Arbor’s fabrication of financial data, and contrast this with real performance data from its CLOs. Arbor’s
February 21, 2025 – Arbor’s CLO delinquencies are up 33% month-on-month in January 2025 to $1.1b. Substantially all delinquencies have already been modified, many as recently as Q4 2024. Arbor has modified $4.7b of loans and holds $1.0b of delinquent loans. Modified loans represent ~82%
January 21, 2025 – Despite their best efforts of window dressing (and there was a lot of effort), Arbor’s CLO delinquencies are up 33% month-on-month in January 2025 to $1.1b. Substantially all delinquencies have already been modified, many as recently as Q4 2024. Arbor has
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