Angel Oak Mortgage Discloses $260.6 Million Securitization
August 22 2023 - 4:58PM
Dow Jones News
By Denny Jacob
Angel Oak Mortgage REIT disclosed its participation in AOMT
2023-5, a roughly $260.6 million scheduled principal balance
securitization backed by a pool of residential mortgage loans.
The real estate finance company said the senior tranche was
rated 'AAA' by Fitch Ratings.
"Between these two securitizations, we have released over $45
million in capital for new loan purchases and reduced over $260
million of debt on our highest-cost loan financing facility," Chief
Executive Sreeni Prabhu said, referring to a prior securitization
from June.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
August 22, 2023 16:43 ET (20:43 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Angel Oak Mortgage REIT (NYSE:AOMR)
Historical Stock Chart
From Apr 2024 to May 2024
Angel Oak Mortgage REIT (NYSE:AOMR)
Historical Stock Chart
From May 2023 to May 2024