Angel Oak Mortgage REIT Reaches Inflection Point In Non-QM Securitization
Angel Oak Mortgage REIT (AOMR) has issued a $284.5 million non-QM securitization, a deal that the company said marks an inflection point in its business.
With the capital released from the transaction, the non-QM-focused REIT said it intends to purchase more newly originated, high-coupon loans while continuing to manage liquidity. The securitization will also reduce Angel Oak’s whole loan warehouse debt by 45.6% from the first quarter.