The real estate investment and property management firm’s securitization is sized at $282.4 million.

The issuance follows a large securitization of home equity investments by Unlock Technologies and Saluda Grade.

After profits declined in the second quarter, Angel Oak Mortgage REIT reported an increase in net income for the third quarter of 2025.

A letter last week from Senate Republicans bolstered the Structured Finance Association’s push for banking regulators to reassess the punitive weighting of the p-factor in securitization as part of a planned re-proposal of the Basel Endgame rule.

The $274.5 million issuance of residential transition loans was oversubscribed nearly five times.

The securitization rate for residential mortgages came down after reaching an elevated level in the first quarter of 2025. The rate declined for both GSE-eligible mortgages and non-agency loans during the second quarter. (Includes data table.)

The practice can be used to help boost transparency and accelerate settlements, according to industry experts.

Both lenders’ inaugural deals were oversubscribed, helping to diversify the companies’ capital sources.

Knock has issued a $100 million bond backed exclusively by bridge loan products.

Figure Lending issued a securitization of home equity lines of credit this week with AG Mortgage Investment Trust acting as the retaining sponsor, a once uncommon practice in the non-agency market that’s gaining traction.