Non-prime mortgages power Angel Oak’s $250 million offering
By: Donna M. Mitchell | Published: 2026-10-21 22:38:53 | Source: www.nationalmortgagenews.com
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The Angel Oak Mortgage Trust pool of 381 mortgages, classified as either non-qualified or exempt from Ability-to-Repay rules, will support $250 million in residential mortgage-backed securities (RMBS).
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Securitized bonds from the trust will be sold through 11 tranches of notes, classes A, M and B, according to analysts at Kroll Bond Rating Agency. The A1 senior notes include a…
