other material
confidence medium
sentiment neutral
materiality 0.25
AOMR enters amended and restated mortgage loan purchase agreement with affiliates
Angel Oak Mortgage REIT, Inc.
- Amended and restated agreement dated May 22, 2023 between Angel Oak Mortgage Fund TRS (subsidiary) and Angel Oak Mortgage Solutions LLC (affiliate).
- Amendments include explicit interim servicing provisions, early payoff/default remedies, and updates to current market standards.
- On May 19, 2023, affiliates provided a guarantee of payment and performance for a specific loan sold to the TRS.
- The agreement replaces the prior 2018 agreement as amended; no material financial impact disclosed.