Saturday, 18 September 2021 | The Latest Buzz for the Appraisal Industry

Angel Oak Wraps Up Industry’s First ‘Social Bond’ MBS

Angel Oak Capital Advisors LLC says it has completed AOMT 2021-2, the first non-agency mortgage-backed securitization issued in the U.S. that qualifies as a “social bond.”

The $231 million securitization is composed primarily of non-qualified mortgages (non-QM) originated by affiliated mortgage lenders. The securitization, made up of 466 loans, has an average credit score of 740 and a loan-to-value ratio of 73%. The transaction was rated by Fitch Ratings and Kroll Bond Rating Agency,

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