Angel Oak brings first ESG-friendly non-agency RMBS

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Angel Oak brings first ESG-friendly non-agency RMBS

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2BX8TCC Financial Concept. Monopoly houses and cash, money, loans, mortgages , pension and debt. | Alamy Stock Photo

Angel Oak Capital Advisors issued the first non-agency mortgage-backed securitization to qualify as a social bond. The transaction is backed by loans that offer mortgage financing solutions for underserved consumers in the US, particularly those who are unable to borrow through traditional lending channels.

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