#securitization

#securitization

Angel Oak’s recent $191 million HELOC securitization features loans with a 10.9% average coupon rate and strong credit quality indicators, showcasing investor demand.

The transaction reflects Rithm's significant experience in MSR, with 17 deals totaling $7.7 billion closed since 2015 and confidence in their innovative approach.

Taking absolute ownership of the security is a prerequisite to later steps of assigning derivative rights and interests as part of the HMBS program.