General World News

Non-QM shop Angel Oak Mortgage prepares IPO

It was barely a year ago that Angel Oak Mortgage and the rest of the non-QM lenders were holding on for dear life. Now, the Atlanta-based lender is looking to raise $165 million as part of an independent public offering.

Angel Oak Mortgage, managed by parent company Angel Oak Capital and Falcon I, is looking to boost its book of business with the capital raise, the lender said in an S-1 statement filed with the Securities and Exchange Commission late last week.

In an update on Tuesday, Angel Oak Capital said it details ⇒

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