Angel Oak Continues to Lead Resurgence in Non-QM Market With Strong Q2

Angel Oak Continues to Lead Resurgence in Non-QM Market With Strong Q2

July 23, 2019
Angel Oak Companies announced that it closed 2019 with more than $17 billion in gross assets under management and six non-QM securitizations, totaling approximately $3.1 billion, up from roughly $2 billion in 2018
After a record-breaking Q1, Angel Oak Companies’ residential mortgage lending platform, which includes Angel Oak Home Loans and Angel Oak Mortgage Solutions, has reported stellar second quarter growth, continuing to prove itself a powerful force in the non-agency mortgage market. The Angel Oak lending platform originated $681 million for the quarter, a 45 percent increase from Q2 2018, bringing its 2019 origination total to more than $1.2 billion.
“We are excited and grateful to continue our upward trajectory of growth and success within the mortgage lending market,” said Steven Schwalb, managing partner of the Angel Oak lending platform. “Our success is a testament to Angel Oak’s consistent dedication to providing the highest quality of products and services for our clients.”
Angel Oak Capital Advisors also completed a non-QM securitization—its 11th since 2015—totaling $381 million, which brings the firm’s total year-to-date issuance to approximately $1.6 billion. Furthermore, the firm celebrated the successful launch of its $215 million public closed-end fund offering, the Angel Oak Financial Strategies Income Term Trust, by ringing the NYSE closing bell on June 13.
The industry has taken notice of Angel Oak Companies’ leadership position in the non-QM market, with recognition for the firm’s executives and company achievements in Q2. Angel Oak Companies was named a “2019 Pacesetter” by the Atlanta Business Chronicle, as well as a 2019 ACG Fast 40 by the Association for Corporate Growth.
Schwalb has pointed out the “tremendous opportunity” in the non-QM space for years to come, yet growth within Angel Oak has not been limited to its mortgage lending platforms. Angel Oak Capital Advisors, the affiliated investment management firm of Angel Oak Companies, surpassed $10 billion in assets under management across its mutual funds, closed-end funds, private funds and separately managed accounts.
“As we continue to assert ourselves as industry leaders in the non-agency mortgage space, we hold ourselves to the highest standard of quality and client satisfaction,” said Mike Fierman, co-CEO of Angel Oak Companies. “These uncompromising values take precedence in our company initiatives and have been the backbone of our success.”