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Imperial Fund Mortgage Trust 2023-NQM1 is backed by 974 loans valued at $364.84 million, with 93.8% originated by A&D.
The securitization worth $580.47 million is Angel Oak Mortgage Trust's first of 2023.
Ratings agency says U.S. homes were overvalued by 10.5% in Q3.
Loans in the pool were originated primarily by Acra Lending and LoanStream Mortgage.
The pool includes fixed and adjustable-rate loans acquired by Annaly Capital Management Inc.
Fitch Ratings also gave stable outlook as servicer revealed plans to expand into Non-QM loans.