Angel Oak sets sights on non-QM RMBS
Angel Oak Capital plans to launch a non-qualified mortgage (non-QM) RMBS transaction in the first quarter of 2015, the firm's head of capital markets told GlobalCapital on Monday. The specialty financier is in talks with banks to underwrite the deal.
“We’re holding loans on balance sheet here, with some financing, and then ultimately the partner that is financing us would more than likely lead the securitization effort,” said Angel Oak head of capital markets John Hsu. “Fixed income is a yield-starved sector, so investors are going to look
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