Angel Oak Mortgage REIT Forecasts Quarterly Securitization and Return Normalization
During the Q3 2026 earnings call, Angel Oak Mortgage REIT (AOMR) management addressed recent challenges in the non-QM mortgage market. CEO Sreeniwas Prabhu noted that current book value pressures are primarily driven by broader market conditions and a difficult fixed income environment rather than underlying credit quality issues. The company expects to maintain a steady pace of approximately one securitization per quarter. Management expressed optimism regarding long-term performance, aiming to guide returns back toward the historical 15% to 20% range as market volatility stabilizes.
Topics: book value earnings call interest rates mortgage REIT non-QM loans