Angel Oak Layoffs Add To Growing List Of Non-QM Cuts
About 20% of its staff, or 75 people, were affected.
About 20% of its staff, or 75 people, were affected.
Programs are intended to meet the needs of originators and loan buyers in the Non-QM market.
This is Angel Oak’s sixth private-label securities offering this year.
AmWest Funding Corp., others originated the 765 loans in the $397.5 million non-prime RMBS transaction.
The Pinnacles Step-Up Mortgage gives Non-QM borrowers a way to lower their initial monthly payments.
CDFI-eligible Accelerator X offers more options for high-FICO investor borrowers.
Loan offers a fixed-rate and interest-only payments for the first 10 years.
Company has hired 200 loan originators since June announcement.