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Home » Store » Ability to Repay » Suddenly, Angel Oak is No Longer Talking About its Nonprime MBS, Neither is Nomura. What Happened?

Suddenly, Angel Oak is No Longer Talking About its Nonprime MBS, Neither is Nomura. What Happened?

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Last week, Angel Oak Mortgage Solutions was slated to issue a roughly $150 million security backed by nonprime mortgages, an event that promised great things for both the company and the non-agency market. But then nothing happened, or so it appears. Two weeks after confirming to Inside MBS & ABS and another news organization that a new nonprime security was definitely ready to price, the company – and its underwriter, Nomura Securities – has suddenly stopped talking about the deal, both publicly and privately. One source who has held meetings with executives at both firms said...
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