Angel Oak Mortgage REIT participates in $289M securitization; 2024 total volume surpasses $850M

Angel Oak Mortgage REIT, Inc.

AOMR contributed $167.2M of scheduled unpaid principal balance to AOMT 2024-13, a $288.9M securitization.
The securitization includes 627 loans; weighted avg mortgage rate 7.37%, credit score 754, LTV 69.9%, DTI 33.8%.
Company carried $141.5M of warehouse financing against contributed loans; will retain pro-rata share of unsold bonds.
This is AOMR's fifth securitization of 2024, bringing total 2024 securitization volume to over $850M.
Proceeds to be deployed for accretive purchases of non-QM loans to drive incremental net interest income.

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