New York Mortgage Trust (NYMT) 8-K Entry into a Material Definitive Agreement

 Exhibit 12.1

Ratio of Earnings to Fixed Charges

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

(dollars in thousands)

  

	For the Three Months Ended March 31,		For the Years Ended December 31,
	2013		2012			2011			2010			2009		2008
Earnings:
Pretax income (loss) from continuing operations	$	15,514	$	29,100		$	5,243		$	5,670		$	10,884	$	(25,764	)
Fixed charges		46,145		105,926			4,837			9,611			14,235		36,260
Dividends distributed to shareholders		13,384		22,304			8,270			8,102			7,108		4,100
Equity investee adjustment		136		(38	)		(174	)		(64	)		-		-
Noncontrolling interest		-		97			(97	)		-			-		-
Total Earnings	$	75,179	$	157,389		$	18,079		$	23,319		$	32,227	$	14,596
Fixed Charges:
Interest expense	$	46,145	$	105,926		$	4,837		$	9,611		$	14,235	$	36,260
Total Fixed Charges	$	46,145	$	105,926		$	4,837		$	9,611		$	14,235	$	36,260
Ratio of earnings to fixed charges		1.63		1.49			3.74			2.43			2.26		0.40
Ratio of earnings to combined fixed charges and preferred stock dividends	1.63			1.49			3.74			2.43			2.26		0.40
Deficiency related to ratio of earnings to fixed charges	NA		NA			NA			NA			NA		$	(21,664	)
Deficiency related to ratio of earnings to combined fixed charges and preferred stock dividends	NA		NA			NA			NA			NA		$	(21,664	)