Angel Oak Mortgage REIT, Inc. Amplifies 2024 Securitization Volume with AOMT 2024-13 Participation
Angel Oak Mortgage REIT, Inc. (NYSE: AOMR), a prominent player in the U.S. real estate finance sector, has announced its participation in the recent securitization deal AOMT 2024-13. The Atlanta-based company, which focuses on acquiring and investing in first-lien non-QM (non-qualified) loans and other mortgage-related assets, has bolstered its securitization activity for the year 2024 with this notable transaction.
The AOMT 2024-13 securitization involves a $288.9 million scheduled principal balance, underpinned by a diverse pool of residential mortgage loans. Angel Oak Mortgage REIT contributed significantly to this undertaking, providing a scheduled unpaid principal balance of $167.2 million. This contribution underscores the company s strategic commitment to expanding its footprint in the non-QM segment of the mortgage market, a niche that caters to borrowers who do not meet the stringent criteria required for conventional loans.
With this latest securitization, Angel Oak Mortgage REIT has surpassed a significant milestone, pushing its total securitization volume for the year 2024 to over $850 million. This growth in securitization volume highlights the company s robust performance in navigating the complex landscape of the U.S. mortgage market and its adeptness in leveraging opportunities within the non-QM loan sector.
Angel Oak Mortgage REIT s involvement in the AOMT 2024-13 transaction reflects its ongoing commitment to delivering shareholder value by optimising its asset portfolio through strategic investments and partnerships. As the company continues to engage in these securitizations, it solidifies its position as a key player in the real estate finance industry.
This transaction is expected to enhance the company s capital management capabilities, providing Angel Oak Mortgage REIT with the resources to pursue further growth opportunities and cater to a broader spectrum of borrowers within the non-QM market.
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