Angel Oak Mortgage Discloses $260.6 Million Securitization
Provided by
Dow Jones
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)
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