Angel Oak Mortgage REIT, Inc. - AOMR STOCK NEWS

Welcome to our dedicated page for Angel Oak Mortgage REIT news (Ticker: AOMR), a resource for investors and traders seeking the latest updates and insights on Angel Oak Mortgage REIT stock.

Angel Oak Mortgage REIT, Inc. (AOMR) is a prominent real estate finance company specializing in acquiring and investing in first lien non-QM loans alongside other mortgage-related assets within the U.S. mortgage market. The company's primary objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation, regardless of varying interest rates and credit cycles.

Core Business:
Angel Oak Mortgage REIT focuses on first lien non-qualified mortgage (non-QM) loans, which offer unique flexibility compared to traditional agency-conforming loans. They cater to borrowers who do not fit standard agency guidelines but possess loan profiles that make financial sense.

Recent Achievements:
In 2024, the company executed its first standalone securitization of the year, AOMT 2024-4, a $300 million securitization backed by a pool of residential mortgage loans. This initiative lowered the weighted average funding cost for the underlying loans by over 100 basis points and released nearly $40 million in capital.

Current Projects:
Angel Oak Mortgage REIT currently participates in various securitizations to optimize its funding costs and enhance its portfolio's performance. The company is also actively involved in purchasing high-quality, current market coupon loans, which are expected to drive further growth in net interest margins.

Financial Condition:
As of the first quarter of 2024, Angel Oak Mortgage REIT reported GAAP net income of $12.9 million, or $0.51 per diluted share, and distributable earnings of $2.8 million, or $0.11 per diluted share. The company's GAAP book value increased to $10.55 per share while the economic book value rose to $13.78 per share.

Partnerships:
The company is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC, a leading alternative credit manager with a vertically integrated mortgage origination platform. This partnership ensures that Angel Oak Mortgage REIT benefits from extensive expertise and strategic guidance in the mortgage market.

Products and Services:
Angel Oak Mortgage REIT offers a range of non-QM loan products that include owner-occupied, non-owner-occupied, non-traditional income, foreign nationals, full documentation, and cash flow income investment properties. Their product offerings are available in over 35 states, providing extensive coverage and flexibility to their clients.

For more information, visit the company's official website at www.angeloakreit.com.