8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                                 April 13, 2007
                Date of Report (Date of earliest event reported)


                       ANWORTH MORTGAGE ASSET CORPORATION.
             (Exact Name of Registrant as Specified in its Charter)


                                    Maryland
                 (State or Other Jurisdiction of Incorporation)

                  001-13709                          52-2059785
                  ---------                          ----------
         (Commission File Number)         (IRS Employer Identification No.)



1299 Ocean Avenue, 2nd Floor, Santa Monica, California        90401
- ------------------------------------------------------        -----
               (Address of Principal Executive Offices)      (Zip Code)


                                 (310) 255-4493
              (Registrant's Telephone Number, Including Area Code)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))





Item 2.02. Results of Operation and Financial Condition.


      On April 13, 2007, Anworth Mortgage Asset Corporation (the "Company")
issued a press release announcing that its board of directors had declared a
dividend of $0.05 per share on the Company's common stock for the first quarter
of 2007. The Company also announced that its board of directors had declared a
dividend of $0.539063 per share on the Company's 8.625% Series A Cumulative
Preferred Stock for the second quarter of 2007. The Company also announced that
its board of directors had declared a dividend of $0.390625 per share on the
Company's 6.25% Series B Cumulative Convertible Preferred Stock for the second
quarter of 2007.A copy of that release is furnished as Exhibit 99.1 to this
report.

      The information in this Current Report on Form 8-K is being provided under
Item 2.02 of Form 8-K and shall not be deemed "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of that Section. The information in this Current
Report shall not be incorporated by referenced into any registration statement
or other document pursuant to the Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such filing.

      As discussed therein, the press release contains forward-looking
statements within the meaning of the Securities Act and the Exchange Act and, as
such, may involve known and unknown risks, uncertainties and assumptions. These
forward-looking statements relate to the Company's current expectations and are
subject to the limitations and qualifications set forth in the press release as
well as in the Company's other documents filed with the SEC, including, without
limitation, that actual events and/or results may differ materially from those
projected in such forward-looking statements.


Item 9.01 Financial Statements and Exhibits.

        (a) Not Applicable.
        (b) Not Applicable.
        (c) Not Applicable.
        (d) Exhibits.


        Exhibit 99.1
        Press Release dated April 13, 2007 of the Registrant.






                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.


                                   ANWORTH MORTGAGE ASSET CORPORATION
Date: April 13, 2007
                                   By:   /s/ Lloyd McAdams
                                   ----------------------------------
                                              Chief Executive Officer


                                  EXHIBIT INDEX


    Exhibit #           Description
       99.1             Press Release dated April 13, 2007 of the Registrant.

EX-99.1

                                                                    Exhibit 99.1



                       Anworth Mortgage Asset Corporation
                         Announces Quarterly Dividends


    SANTA MONICA, Calif.--(BUSINESS WIRE)--April 13, 2007--Anworth
Mortgage Asset Corporation (NYSE: ANH) announced today that its board
of directors declared a quarterly common stock dividend of $0.05 per
share for the first quarter of 2007. The common stock dividend is
payable on May 17, 2007 to common stockholders of record as of the
close of business on April 30, 2007.

    Also, in accordance with the terms of Anworth's 8.625% Series A
Cumulative Preferred Stock, or Series A Preferred Stock, the board of
directors declared a Series A Preferred Stock dividend of $0.539063
per share for the second quarter of 2007. The Series A Preferred Stock
dividend is payable on July 16, 2007 to holders of record of Series A
Preferred Stock as of the close of business on June 29, 2007. The
dividend reflects the accrual from April 1, 2007 through June 30,
2007, or 90 days of a 360 day year.

    Also, in accordance with the terms of Anworth's 6.25% Series B
Cumulative Convertible Preferred Stock, or Series B Preferred Stock,
the board of directors declared a Series B Preferred Stock dividend of
$0.390625 per share for the second quarter of 2007. The Series B
Preferred Stock dividend is payable on July 16, 2007 to holders of
record of Series B Preferred Stock as of the close of business on June
29, 2007. The dividend reflects the accrual from April 1, 2007 through
June 30, 2007, or 90 days of a 360 day year.

    About Anworth Mortgage Asset Corporation

    Anworth is a mortgage real estate investment trust (REIT) which
invests in mortgage assets, including mortgage pass-through
certificates, collateralized mortgage obligations, mortgage loans and
other real estate securities. Anworth generates income for
distribution to stockholders primarily based on the difference between
the yield on its mortgage assets and the cost of its borrowings.
Through its wholly-owned subsidiary, Belvedere Trust Mortgage
Corporation, Anworth also invests in high quality jumbo
adjustable-rate mortgages and other mortgage-related assets and
finances these loans though securitizations.

    Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995

    This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based upon our
current expectations and speak only as of the date hereof. Our actual
results may differ materially and adversely from those expressed in
any forward-looking statements as a result of various factors and
uncertainties, including increases in the prepayment rates on the
mortgage loans securing our mortgage-backed securities, our ability to
use borrowings to finance our assets, risks associated with investing
in mortgage-related assets, including changes in business conditions
and the general economy, our ability to maintain our qualification as
a real estate investment trust for federal income tax purposes, and
management's ability to manage our growth. Our Annual Report on Form
10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent
Current Reports on Forms 8-K and other SEC filings discuss some of the
important risk factors that may affect our business, results of
operations and financial condition. We undertake no obligation to
revise or update publicly any forward-looking statements for any
reason.



    CONTACT: Anworth Mortgage Asset Corporation
             John T. Hillman, 310-255-4438 or 310-255-4493