06:04 PM EDT, 04/10/2024 (MT Newswires) -- Angel Oak Mortgage (AOMR) said late Wednesday it priced a securitization of about $300 million backed by residential mortgage loans.

The company said mortgage originators affiliated with it originated most of the loans in the securitization.

The senior tranche of the securitization, AOMT 2024-4, received an AAA rating from Fitch Ratings.

The securitization will reduce the company's whole loan warehouse debt by $236 million, reducing its total recourse debt to equity ratio in-kind.

With the capital released from the securitization, the company intends to accelerate purchases of current market coupon loans.

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