Biography

Mr. Haas has served as our Chief Financial Officer and Chief Investment Officer and has served as a Director since August 2010. Mr. Haas is the President, Chief Investment Officer and Chief Financial Officer of our Manager. Mr. Haas has also been the President, Chief Investment Officer and Chief Financial Officer of Bimini since April 2008. Prior to assuming those roles with Bimini, he was a Senior Vice President and Head of Research and Trading of Bimini. Mr. Haas joined Bimini in May 2004 as Vice President and Head of Mortgage Research. He has over 12 years of experience in this industry and has managed trading operations for the portfolio since his arrival in May 2004. Mr. Haas has approximately eight years of experience as a member of senior management of a public REIT. Prior to joining Bimini, Mr. Haas worked in the mortgage industry as a member of a team responsible for hedging a servicing portfolio at both National City Mortgage and Homeside Lending, Inc. As a result of these professional and other experiences, Mr. Haas possesses particular knowledge and expertise in financial management of publicly-traded REITs and in the mortgage industry that strengthens the Board of Director’s collective knowledge, capabilities and experience.