Angel Oak Reports Profitable Third Quarter
The Non-QM originator, aggregator, and investment trust purchased nearly $265 million of newly-originated Non-QM residential loans in the third quarter.
The Non-QM originator, aggregator, and investment trust purchased nearly $265 million of newly-originated Non-QM residential loans in the third quarter.
Latest earnings represent a 47% increase YOY
Despite missing non-GAAP EPS forecasts, Angel Oak grows loan portfolio, enhances liquidity, and optimizes operations.
Despite a divergence in net income and distributable earnings, Angel Oak REIT declares a stable dividend and touts a solid increase in net interest margin.
Calls securitization an 'inflection point' for the company.
New CEO says he remains confident the company is uniquely positioned for success.