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Angel Oak Capital Advisors Issues Its Largest Securitization Fully Backed by Affiliated Loans

August 22, 2018

ATLANTA--(BUSINESS WIRE)--Aug 22, 2018--Angel Oak Capital Advisors, LLC (Angel Oak) announced today it has completed AOMT 2018-3, a $395.8 million securitization composed entirely of mortgages issued by 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 2018-3 received an AAA rating from both Fitch and DBRS.

AOMT 2018-3 is Angel Oak’s largest non-QM securitization of its own affiliate origination collateral to date, and it comes just two months after its largest overall deal, AOMT 2018-2, which was $402 million in size. Angel Oak has been a consistent issuer of securitizations since 2015, accounting for eight non-QM transactions totaling approximately $2 billion in total securitized residential loans.

“We believe that, relative to other recent non-QM transactions, the tight pricing of AOMT 2018-3 demonstrates that investors have the confidence in and demand for the Angel Oak securitization program. The vertical integration of the mortgage origination platform and the asset management securitization program provides additional transparency to the market and has established Angel Oak as a recognized leader in the space,” says Lauren Hedvat, Managing Director of Capital Markets at Angel Oak.

The deal was composed of 966 loans with a weighted average FICO credit score of 712 and an average loan amount of $409,694. The majority of the loans included in the securitization are collateralized by properties located in California, Florida and Georgia.

About Angel Oak Capital Advisors, LLC

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 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 July 31, 2018, Angel Oak Capital had approximately $9.2 billion in assets under management across its mutual funds, private funds and separately managed accounts.

For more information, please visit www.angeloakcapital.com.

About Angel Oak Mortgage Solutions, LLC

Angel Oak Mortgage Solutions, a leader in alternative lending products, is one of the top wholesale and correspondent providers of non-qualified mortgage loans in the nation. Its team of mortgage experts continues to pioneer a fresh, commonsense approach to overcoming today’s mortgage lending challenges. They operate in 38 states, and their breadth of non-QM products expands the pool of borrowers by offering partners more opportunities to grow their business and better serve their customers.

For more information, please visit www.angeloakms.com.

About Angel Oak Home Loans, LLC

Angel Oak Home Loans is a full-service residential mortgage lender. In addition to offering traditional mortgage products, they specialize in innovative alternative lending options. Angel Oak Home Loans’ flexible, supportive approach empowers prospective buyers to embark on a new path to home ownership with confidence. Its experienced team of licensed mortgage advisors is leading the way by delivering start-to-finish mortgage support and a superior client experience.

For more information, please visit www.angeloakhomeloans.com.

About Angel Oak Prime Bridge, LLC

Angel Oak Prime Bridge is a commercial lender providing financing solutions for today’s real estate investor. The company was created in 2011 by individuals with extensive lending experience in the residential and commercial lending spaces. Their lending philosophy is founded on the principle of providing innovative portfolio loan programs while consistently delivering an exceptional client experience for both borrowers and referral partners.

For more information, please visit www.angeloakprimebridge.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005590/en/

CONTACT: Media Contact:

Gregory FCAforAngel Oak Capital Advisors

Alex Nye, 610-228-2287



Company Contact:

Marketing Director atAngel Oak Capital Advisors

Randy Chrisman, 404-953-4969




SOURCE: Angel Oak Capital Advisors, LLC

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PUB: 08/22/2018 02:09 PM/DISC: 08/22/2018 02:09 PM


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