Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
The latest announcement is out from Angel Oak Mortgage ( (AOMR) ).
Angel Oak Mortgage REIT, Inc. announced its participation in a $288.9 million securitization transaction, AOMT 2024-13, backed by residential mortgage loans, contributing $167.2 million in scheduled unpaid principal balance. This marks the company’s fifth securitization of 2024, taking its total securitization volume for the year to over $850 million. The transaction is significant as it allows the company to release capital for further investments in high-quality non-QM loans, potentially boosting net interest income and strengthening its position in the mortgage market.
More about Angel Oak Mortgage
Angel Oak Mortgage REIT, Inc. is a real estate finance company that focuses on acquiring and investing in first-lien non-QM loans and other mortgage-related assets within the U.S. mortgage market. The company aims to deliver attractive risk-adjusted returns for its stockholders through both cash distributions and capital appreciation across varying interest rate and credit cycles. It is externally managed by an affiliate of Angel Oak Capital Advisors, LLC, a leader in mortgage credit asset management and lending.
YTD Price Performance: -0.08%
Average Trading Volume: 115,356
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $222.2M
For detailed information about AOMR stock, go to TipRanks’ Stock Analysis page.
