Angel Oak announces $346m non-QM securitization

by Ryan Smith26 May 2020

Angel Oak Capital Advisors has announced the completion of a $346 million securitization known as AOMT 2020-2, composed of non-QM loans primarily originated by Angel Oak Mortgage Solutions and Angel Oak Home Loans. The senior tranche of AOMT 2020-2 received a AAA rating from Fitch.

“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,” said 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 the company’s 16th non-QM securitization since its inception. The securitization brings Angel Oak’s total issuance to approximately $5.7 billion. It 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,” Sinha said. “As one of the leaders in non-QM originations and securitizations, we are proud of our ability to consistently provide investors with potentially attractive opportunities in today’s marketplace.”