Non-QM Lender Angel Oak Posts 3rd Straight Quarterly Loss
New CEO says he remains confident the company is uniquely positioned for success.
Tagged: Angel Oak Mortgage Inc.
Angel Oak Mortgage Shakes Up Leadership
Sreeni Prabhu replaces Robert Williams as CEO and president after two quarters of losses.
Angel Oak Layoffs Add To Growing List Of Non-QM Cuts
About 20% of its staff, or 75 people, were affected.
Angel Oak's New Hire To Focus On Correspondent Lending
Daniel Sheehy brings over 30 years of sales and management expertise in the mortgage industry.
Angel Oak Reports $43.5M Net Loss For 1Q 2022
CEO attributes drop to volatility in interest rates
Angel Oak Ends 1st Year As Public Company With $1.1B Loans In Portfolio
Reports 2021 full-year net income of $21.1M, or $1.01 per diluted share.
Angel Oak Closes 2nd Non-QM Securitization Since IPO
This was the company’s seventh securitization and its 28th residential securitization overall completed under its affiliate’s AOMT shelf.