Angel Oak Mortgage, Inc. Closes Second Non-QM Securitization Since Initial Public Offering
30 Novembre 2021 - 10:15PM
Business Wire
Angel Oak Mortgage Inc. (NYSE: AOMR), a leading real
estate finance company focused on acquiring and investing in
first-lien non-qualified mortgage loans and other mortgage-related
assets in the U.S. mortgage market, announces the closing of a
$386.9 million securitization (AOMT 2021-7) backed by a pool of
residential mortgage loans. This was the company’s seventh
securitization and its second sole securitization since its initial
public offering, as well as the 28th residential securitization
overall completed under its affiliate’s AOMT shelf.
“This securitization represents further evidence that we are
executing our securitization strategy on a consistent basis,” said
Brandon Filson, chief financial officer of AOMR. “We are happy with
the execution, as investors continue to value non-QM assets and
Angel Oak’s track record of delivering high-quality deals. We
believe our loan purchase volume and the securitization market will
allow us to continue executing our core financing strategies into
2022 and beyond.”
The company placed residential mortgage-backed securities with a
face value of $373.3 million at a 2.09% weighted average cost of
funding. The remaining value and economic return of the collateral
will be retained by the company. The loans underlying the
securitization had a weighted average coupon of 4.89%. At deal
closing, AOMT 2021-7 consisted of 944 loans, almost all of which
were originated by Angel Oak affiliates. The securitization had an
average credit score of 738, a loan-to-value ratio of 72.2% and a
debt-to-income ratio of 31.9%. The transaction was rated by Fitch,
with the senior tranche receiving a AAA rating.
Forward-Looking Statements
This press release contains certain forward-looking statements
that are subject to various risks and uncertainties, including,
without limitation, statements relating to the performance of the
company’s investments and its financing needs and arrangements.
Forward-looking statements are generally identifiable by the use of
forward-looking terminology such as “may,” “will,” “should,”
“potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,”
“estimate,” “believe,” “could,” “project,” “predict” and
“continue,” or by the negative of these words and phrases or other
similar words or expressions. Forward-looking statements are based
on certain assumptions; discuss future expectations; describe
existing or future plans and strategies; contain projections of
results of operations, liquidity and/or financial conditions; or
state other forward-looking information. The company’s ability to
predict future events or conditions, their impact, or the actual
effect of existing or future plans or strategies is inherently
uncertain, in particular due to the uncertainties created by the
COVID-19 pandemic, including the projected impact of the COVID-19
pandemic on the company’s business, financial results and
performance. Although the company believes that such
forward-looking statements are based on reasonable assumptions,
actual results and performance in the future could differ
materially from those set forth in or implied by such
forward-looking statements. You are cautioned not to place undue
reliance on these forward-looking statements, which reflect the
company’s views only as of the date of this press release.
Additional information concerning factors that could cause actual
results and performance to differ materially from these
forward-looking statements is contained from time to time in the
company’s filings with the Securities and Exchange Commission.
Except as required by applicable law, neither the company nor any
other person assumes responsibility for the accuracy and
completeness of the forward-looking statements. The company does
not undertake any obligation to update any forward-looking
statements contained in this press release as a result of new
information, future events or otherwise.
About Angel Oak Mortgage Inc.
Angel Oak Mortgage Inc. is a real estate finance company focused
on acquiring and investing in first-lien non-QM loans and other
mortgage-related assets in the U.S. mortgage market. The company’s
objective is to generate attractive risk-adjusted returns for its
stockholders through cash distributions and capital appreciation
across interest rate and credit cycles. The company is externally
managed and advised by an affiliate of Angel Oak Capital Advisors
LLC, which, collectively with its affiliates, is a leading
alternative credit manager with a vertically integrated
mortgage-origination platform. Additional information about the
company is available at www.angeloakreit.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211130006074/en/
Investors: investorrelations@angeloakreit.com
855-502-3920
Media: Bernardo Soriano, Gregory FCA for Angel Oak
Mortgage Inc. 914-656-3880 bernardo@gregoryfca.com
Company Contact: Randy Chrisman, Chief Marketing and
Corporate Investor Relations Officer, Angel Oak Capital Advisors
404-953-4969 randy.chrisman@angeloakcapital.com
Angel Oak Mortgage REIT (NYSE:AOMR)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Angel Oak Mortgage REIT (NYSE:AOMR)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024