Angel Oak Announces $150 Million Securitization of Non-Prime Mortgages
“Exciting times for Angel Oak Companies! Announced today the completion of its first securitization of non-prime whole loans. The loans, which total $150.4 million in aggregate, were originated by two of Angel Oak Capital's affiliate companies-Angel Oak Mortgage Solutions and Angel Oak Home Loans."
Lenders Like Angel Oak Home Loans Giving Borrowers with Credit Blips Hope for Home Mortgages
“It’s such a tight credit box,” says Whitney Fite, the SVP, Managing Director. “On paper if you have a foreclosure you’re a terrible risk, but it can’t be that way. You have to put some common sense into this and look for areas that banks won’t go.
Lenders, Economists Need More Jobs Reports to See Housing Return
“The jobs report is a big indicator on the potential for the first-time homebuyer to reenter the marketplace; they've been widely absent the last few years, and you won’t see a healthy recovery without first-time buyers in the market,” Fite told Scotsman Guide News.