Angel Oak Mortgage Launches New Non-QM Securitization

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Taking advantage of strong demand for unqualified mortgages, Angel Oak Mortgage issued another securitization secured by non-QM home loans.

The Atlanta-based lender, which is acquiring and investing in the first collateralized non-agency loans, said Wednesday that it has closed a $ 316.6 million MBS backed by a pool of 632 residential mortgages. MBS (AOMT 2021-4) marked the first sole securitization of Angel Oak Mortgage and the twenty-fifth general housing securitization completed under its subsidiary’s AOMT shelf.

“This securitization was carried out at a very high cost as investors continue to value non-QM assets and Angel Oak’s track record of delivering high quality deals,” said Brandon Filson, Angel Oak’s CFO. “Housing demand remains robust across the country and we believe we can continue to implement our loan and finance strategies through the second half of 2021 and beyond.”

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