KBRA Assigns Preliminary Ratings to Angel Oak Mortgage Trust 2024-12 (AOMT 2024-12)
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KBRA has assigned preliminary ratings to Angel Oak Mortgage Trust 2024-12, a $331.3 million non-prime RMBS transaction. The trust consists of 646 residential mortgages, with a significant portion underwritten using alternative income documentation.
November 15, 2024 | 8:15 pm
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Angel Oak Mortgage Trust 2024-12 has received preliminary ratings from KBRA for its $331.3 million non-prime RMBS transaction. This could impact AOMR's market perception and investor confidence.
The assignment of preliminary ratings by KBRA to Angel Oak Mortgage Trust 2024-12 is significant for AOMR as it reflects the creditworthiness of the underlying assets. However, as these are preliminary ratings, the immediate impact on AOMR's stock price is likely neutral. The market may wait for final ratings or further developments before reacting.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80