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DOJ, FBI probing Arbor Realty Trust

Federal prosecutors are reportedly looking into the company’s loan performance and claims about its loan book

Arbor Realty Trust Under Investigation by FBI
Arbor Realty Trust's Ivan Kaufman (Getty, YouTube/Ivan Kaufman)

Federal prosecutors and the Federal Bureau of Investigation in New York are looking into Arbor Realty Trust.

Investigators are asking about the company’s claims about the performance of their loan book, Bloomberg reported, citing people who asked not to be named. 

The news comes in light of a short seller’s report on the major commercial mortgage lender’s lending and disclosures. 

Notably, the short selling firm Viceroy Research alleged the majority of the loans within Arbor’s CLO book are delinquent and in trouble. 

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Arbor Realty’s stock price tanked over 18 percent on the news about the probe as of 1:20 p.m. EST.

“We routinely cooperate with regulatory inquiries and are very confident that we conduct ourselves properly. We look forward to our second-quarter earnings call,” Arbor said in a statement to The Real Deal.

— Keith Larsen 

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