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Angel Oak Sets Non-QM Securitization Record

Angel Oak Mortgage Solutions has finalized the AONT 2019-1 securitization, a transaction worth $609 million, according to a new press release from BusinessWire.

"AOMT 2019-1 is the largest non-QM transaction of affiliated originator loans completed since the 2008 financial crisis," according to the release.

"The deal also marks Angel Oak’s ninth and largest non-QM securitization, bringing the total issuance amount to $2.6 billion. All nine securitizations have been backed almost entirely by mortgages originated by Angel Oak’s affiliated lenders."

The transaction is made up of 1,752 loans, with an average loan amount of $348,000. California, Florida and Georgia are the three states with the majority of loans featured in the AOMT 2019-1 transaction.

"The size of this deal reflects our strong investor following and leadership in the non-QM market," said Sreeni Prabhu, Angel Oak co-CEO and CIO, according to the release.

"Angel Oak’s vertically integrated issuer model uniquely positions us in the marketplace because, through our AOMT securitizations, we are able to provide investors with direct exposure to non-QM loans originated by our affiliated mortgage lenders."

To learn more about the record-breaking transaction, click on the image above.

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