Angel Oak Wraps Up Securitization of Non-QM Mortgages

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Angel Oak Capital Advisors LLC has completed a $346 million securitization comprising non-qualified mortgage (non-QM) loans primarily originated by its affiliated mortgage lenders Angel Oak Mortgage Solutions LLC and Angel Oak Home Loans LLC.

The senior tranche of the securitization – AOMT 2020-2 – received a AAA rating from Fitch Ratings.

“AOMT 2020-2 is a great accomplishment and a testament to the skill and capabilities of our team as we continue to deliver securitizations to our strong investor base,” says Namit Sinha, chief investment officer of private strategies at Angel Oak. “This transaction and investor appetite reinforce Angel Oak’s ability to offer innovative investment solutions and execute securitizations in a challenging environment.”

AOMT 2020-2 is Angel Oak’s second securitization this year and 16th total non-QM securitization, bringing its total issuance to approximately $5.7 billion. The securitization consists of 827 loans, 84% of which were originated by Angel Oak affiliates.

“The non-QM industry has changed over the past few months, but we adapted quickly due to our focused approach and unique vertically integrated model,” says Sinha.

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