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Home » Store » News » No Word Yet on Angel Oak’s Second Nonprime MBS Deal, But Primary Market Originations on the Rise

No Word Yet on Angel Oak’s Second Nonprime MBS Deal, But Primary Market Originations on the Rise

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Almost three months after word leaked out that Angel Oak Capital Advisors was working on a second nonprime MBS, the transaction has yet to come to market. Sources close to the company, maintain that a deal is still in the works – it’s just a matter of when. The company had planned to sell a roughly $150 million MBS backed by nonprime residential loans funded by affiliates Angel Oak Home Loans, a retail shop based in Atlanta, and Angel Oak Mortgage Solutions, a wholesaler that originates through loan brokers. Presently, the Angel Oak firms are churning out...
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