General World News

Non-QM players still doing PLS deals despite rate volatility

HW+ mortgage rates desk

Non-QM lender Angel Oak Cos., through its mortgage-backed securities conduit Angel Mortgage Trust, is out with its fourth private-label securities offering of 2022, even as rate volatility in the market continues to throw sand in the market’s gears.

The recent offering, AOMT 2022-4, involves a pool of 407 mortgages valued at $217.2 million and includes primarily non-QM loans along with some mortgages backed by investment properties. To date, including three prior private-label securities (PLS) offering completed this year, Angel Oak has securitized loan pools valued in total at $1.73 billion, bond-rating reports show. 

Since its first securitization deal in 2015 through details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com