Angel Oak Mortgage
Angel Oak Mortgage REIT, Inc. is a real estate finance company that specializes in acquiring and investing in non-qualified mortgage (non-QM) loans and other mortgage-related assets. The company leverages a vertically integrated platform to source loans primarily from its affiliates, focusing on high-quality borrowers who do not meet traditional agency underwriting standards. Its core value proposition is generating risk-adjusted returns through net interest income and capital appreciation by securitizing mortgage assets and retaining credit-sensitive interests.
Financials
Based on Q1 2026 filing
Business Segments
Mortgage Investment and Securitization
primaryThe company's primary business activity involves the acquisition of residential mortgage loans, their accumulation on short-term financing lines, and their eventual long-term financing through securitization vehicles. This segment focuses on the spread between interest earned on loans and the cost of funding, as well as returns from retained risk retention securities.
Non-QM Loans, Residential Mortgage-Backed Securities (RMBS), Commercial Bridge Loans, Second Lien Mortgage Loans, HELOCs, Mortgage Servicing Rights (MSRs)
Higher-quality non-agency borrowers, Institutional investors, Financial institutions
Business Overview
Competitive Position
A specialized mortgage REIT benefiting from a proprietary sourcing pipeline through its affiliation with a leading alternative credit manager.
Geographies
United States
Customer Segments
Residential Borrowers, Institutional Investors
Upstream Dependencies
Short-term warehouse financing providers, Repurchase agreement counterparties, Mortgage originators, Credit rating agencies
Downstream Customers
RMBS investors, Secondary mortgage market participants, Residential property owners
Competitors & Partners
Competitors
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Partners
Brookfield Asset Management
BAM
Strategic owner of a majority stake in the company's Manager and affiliate platform.
Falcons I, LLC
External manager and advisor responsible for day-to-day operations.
Angel Oak Capital Advisors
Affiliated alternative credit manager providing sourcing and investment expertise.
Subsidiaries
Angel Oak Mortgage Operating Partnership, LP
The primary entity through which the company conducts its business and holds assets.
Angel Oak Mortgage FAQ
Common questions about Angel Oak Mortgage
Angel Oak Mortgage REIT, Inc. is a real estate finance company that specializes in acquiring and investing in non-qualified mortgage (non-QM) loans and other mortgage-related assets. The company leverages a vertically integrated platform to source loans primarily from its affiliates, focusing on high-quality borrowers who do not meet traditional agency underwriting standards. Its core value proposition is generating risk-adjusted returns through net interest income and capital appreciation by securitizing mortgage assets and retaining credit-sensitive interests.
Angel Oak Mortgage (AOMR) has a market capitalization of $207.0M and trades on NYSE.
Angel Oak Mortgage generated $151.5M in trailing twelve-month revenue with net income of $16.1M, representing a net margin of 10.6%. These figures are based on the Q1 2026 filing.
Angel Oak Mortgage's key competitors include Redwood Trust, Inc., Starwood Property Trust, Inc., Annaly Capital Management, Inc., and others. These companies compete in similar markets and product categories.
Angel Oak Mortgage has approximately 800 employees.