J Studios Introduction Seeking Alpha asked me to update my feelings about the New York Mortgage Trust (NYMT) preferred stocks, as my prior article was last January when the FOMC was putting rate cuts on hold. With most predictions saying a cut in September is almost certain and a second possible before 2025, then now would be a good time to lock in today's potential cycle peak in YOCs. This article updates the NYMT financials and will compare all four available preferreds:   New York Mortgage Trust, Inc ...