Angel Oak Details 2019 Growth

Jan 21, 2020

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.

During 2019, Angel Oak’s mortgage platform, led by Angel Oak Mortgage Solutions and Angel Oak Home Loans, funded a company record $3.3 billion in non-QM mortgages, a 52 percent increase from one year earlier. Looking ahead into 2020, Angel Oak anticipates funding over $8 billion overall in residential mortgages.

"People want to invest with us because of our vertical integration, which allows us to control credit and growth thoughtfully," said Sreeni Prabhu, co-CEO and chief investment officer at Angel Oak Companies. "We’re proud of what we have built, and we see a bright future ahead as we tap into our information sources and data to improve our overall business and better serve investors."

Angel Oak also announced that Kroll Bond Rating Agency Inc. (KBRA) assigned preliminary ratings to six classes of its mortgage-backed notes from AOMT 2020-1, a $358.1 million non-prime RMBS transaction collateralized by a pool of 948 mortgages, which are mostly classified as non-prime. Approximately 80.6 percent of the loans were designated as non-QM.

About the author

Phil Hall

Link copied

Published

Jan 21, 2020

Analysis and Data

Redfin: Homebuyers Gain Leverage, But Pending Sales Keep Sliding

Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market

Home prices are falling. Mortgage payments are easing. Sellers are becoming more willing to negotiate. Yet the housing market keeps losing buyers.Pending home sales fell 16.4% year over year during the four weeks ending Nov. 1, reaching their lowest level in Redfin's weekly ...

Tech

New AI-Run Mortgage Startup Builds Database Of 224,000 LOs

LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators

A new mortgage technology startup is betting that borrowers will increasingly turn to artificial intelligence to find a loan originator, and it wants to make sure AI knows whom to recommend.LenDb.ai, launched Thursday by venture studio Draper Goren Blockchain, has assembled ...

Feb

Palm Springs, CA

More from

Industry News

Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Industry News

Oct 29, 2026

Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Industry News

Oct 16, 2026

Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Industry News

Oct 14, 2026

PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Industry News

Oct 09, 2026

Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Industry News

Oct 09, 2026

Newrez, eXp Realty Form Joint Venture To Target Purchase Business

Revenos Mortgage is set to launch in early 2027, replacing eXp's joint venture with Kind Lending

Industry News

Oct 08, 2026

Popular