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Arlington Asset Investment Corp. (AAIC) is a real estate investment trust (REIT) based in McLean, Virginia, USA. Founded in 1989, Arlington Asset Investment Corp. initially operated as Friedman, Billings, Ramsey Group Inc. The company primarily focuses on investing in mortgage-related assets and residential real estate. It has a diversified investment portfolio that includes mortgage servicing rights, credit investments, single-family residential properties, and agency mortgage-backed securities. The company was publicly traded as AAIC on the New York Stock Exchange until its merger with Ellington Financial Inc.