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Angel Oak Readies $495.5m Non-QM Securitization

Angel Oak Mortgage Trust (AOMT) has started preparing its second non-QM RMBS this year – a $495.5 million transaction secured by loans originated by Angel Oak Mortgage Solutions and Angel Oak Home Loans. The group is set to issue a securitization backed by a pool of 877 loans, 72.2% of which are non-qualified mortgages, while the remaining 27.9% are considered investor loans. Priced at $495.5 million, the loans have seasoned for an average of 15.5 months, according to Fitch.

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