"At the same time that we have all this home price appreciation and affordability pressure, those that own homes have record amounts of equity. It just makes a lot of logical sense that people would want to do debt consolidation. Or maybe they've been in this house for five years—it's time for a renovation of the house."
"Angel Oak distributes its non-QM products through wholesale partners and correspondent lenders. The company said it increased originations by 33% in 2025, while its broker partner network grew by 30% and the number of account executives expanded by 22. The lender expects to add another 40 AEs in 2026."
"I definitely see the Fed, with this new chair, easing rates. At what pace? I don't expect it to be a high pace, but it's reasonable to expect a few more—maybe quarter-point—rate reductions throughout 2026. And ultimately, lower borrowing costs always help housing."
Angel Oak is expanding its non-QM lending portfolio through HELOCs, which currently comprise 10% of their business with potential to double. Homeowners hold record equity levels amid home price appreciation and affordability pressures, creating demand for debt consolidation and home renovations. The company achieved 33% origination growth in 2025, expanded its broker partner network by 30%, and increased account executives by 22%, with plans to add 40 more in 2026. Regarding macroeconomic conditions, modest Fed rate reductions are anticipated throughout 2026, which should improve housing affordability and borrowing costs despite persistent home price challenges.
Read at www.housingwire.com
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