August 5, 2021

MP Now News

Mortgage News

Angel Oak Companies issues $303 million non-QM securitization

According to Inside Mortgage Finance, the average loan maturity at the time of Angel Oak’s most recent issue was declining “indicating improvements in market conditions and Angel Oak’s issuing and securitization efforts.”

All mortgages in the new MBS were serviced by Select Portfolio Servicing and are from Angel Oak and have matured an average of 4.9 months. About 84% of the loans are for primary residences, the rest for investment properties. Purchase loans accounted for 76% of the issue.