ANWORTH MORTGAGE ASSET CORP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS

file	filename
10-K - FORM 10-K - ANWORTH MORTGAGE ASSET CORP	d10k.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - ANWORTH MORTGAGE ASSET CORP	dex211.htm
EX-31.1 - CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER - ANWORTH MORTGAGE ASSET CORP	dex311.htm
EX-23.1 - CONSENT OF MCGLADREY & PULLEN, LLP - ANWORTH MORTGAGE ASSET CORP	dex231.htm
EX-31.2 - CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER - ANWORTH MORTGAGE ASSET CORP	dex312.htm
EX-23.2 - CONSENT OF BDO SEIDMAN, LLP - ANWORTH MORTGAGE ASSET CORP	dex232.htm
EX-32.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUAT TO SECTION 906 - ANWORTH MORTGAGE ASSET CORP	dex322.htm
EX-32.1 - CERTIFICATIONS OF THE PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 906 - ANWORTH MORTGAGE ASSET CORP	dex321.htm

EXHIBIT 12.1

ANWORTH MORTGAGE ASSET CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO COMBINED

FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(in thousands, except ratios)

Computation of ratio of earnings to combined fixed charges and preferred stock dividends:


	Year Ended December 31,
	2009		2008		2007			2006			2005
Fixed charges(1)	$	115,707	$	181,324	$	224,884		$	202,037		$	131,099
Preferred stock dividends		5,906		5,928		4,749			4,044			3,901

Combined fixed charges and preferred stock dividends	$	121,613	$	187,252	$	229,633		$	206,081		$	135,000

Fixed charges	$	121,613	$	187,252	$	229,633		$	206,081		$	135,000
Income (loss) from continuing operations		130,234		55,049		(5,178	)		(11,441	)		22,275

	$	251,847	$	242,301	$	224,455		$	194,640		$	157,275

Dollar amount of deficiency	$	—	$	—	$	(5,178	)	$	(11,441	)	$	—

Ratio of earnings to combined fixed charges and preferred stock dividends		2.07		1.29		0.98			0.94			1.17

(1)	Fixed charges consist of interest expense on all indebtedness.

ANWORTH MORTGAGE ASSET CORP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS - February 26, 2010