secwatch.observer — SEC 8-K summary
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Issuer:     Angel Oak Mortgage REIT, Inc. (AOMR)
CIK:        0001766478
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0001766478-22-000136
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angel Oak Mortgage sells $343.4M UPB non-QM loans to Purple Orchid Trust at discount
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- Total unpaid principal balance of $343.4M; net book value $349.7M; purchase price $284.2M.
- Loans are non-QM and investor cash flow residential mortgage loans, weighted avg coupon ~4.5%.
- Sale is servicing released; conveyance in tranches through December 2022.
- Purchase price represents a discount to net book value, implying a loss on sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766478/000176647822000136/0001766478-22-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766478/000176647822000136/aomr-20221118.htm
  HTML page:      https://secwatch.observer/filing/0001766478-22-000136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer