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Angel Oak Capital Advisors Announces Second Rated Securitization of Non-Prime Residential Mortgages

Sreeni Prabhu

ATLANTA—Angel Oak Capital Advisors, LLC (Angel Oak) announced that it has completed AOMT 2017-2, a $210.45 million securitization of non-prime residential mortgages.

The securitization is backed by non-Qualified Mortgages (non-QM) which were fully sourced through the firm’s three affiliated mortgage lenders – Angel Oak Mortgage Solutions, LLC, Angel Oak Home Loans, LLC and Angel Oak Prime Bridge, LLC.

The senior tranche of AOMT 2017-2 received a AAA-rating from both S&P and DBRS and represents Angel Oak’s success in helping to revitalize the non-QM marketplace.

“We had solid execution due to the large securitized investor following that we have developed over the last two years. In fact, this was the tightest execution in the non-QM market to date, furthering our brand recognition and leadership in the non-QM securitization space,” says Sreeni Prabhu, Angel Oak’s co-CEO and CIO.

Sreeni Prabhu

This transaction marks Angel Oak’s fourth securitization since 2015, accounting for over $630 million in total securitized residential mortgage loans. All four securitizations have been backed by mortgages originated through Angel Oak’s affiliated lenders.

“We believe investors like Angel Oak’s vertically integrated issuer model. This is unique in the marketplace and offers them a ‘pure play’ exposure to Angel Oak’s origination and underwriting capabilities,” Prabhu says.

Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed income investment solutions for its clients. Backed by a value-driven approach, Angel Oak Capital Advisors seeks to deliver attractive risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income with a specialization in mortgage-backed securities and other areas of structured credit.

As of June 30, 2017, Angel Oak Capital had approximately $7 billion in assets under management across its mutual funds, private funds and separately managed accounts.


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