KBRA Assigns Preliminary Ratings to Angel Oak Mortgage Trust 2024-13 (AOMT 2024-13)
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KBRA has assigned preliminary ratings to Angel Oak Mortgage Trust 2024-13, a $288.9 million non-prime RMBS transaction. The trust consists of 627 residential mortgages, with a significant portion underwritten using alternative income documentation.
December 09, 2024 | 7:00 pm
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NEUTRAL IMPACT
Angel Oak Mortgage Trust 2024-13 has received preliminary ratings from KBRA for its $288.9 million non-prime RMBS transaction. This could impact Angel Oak Mortgage's market perception and investor confidence.
The assignment of preliminary ratings by KBRA to Angel Oak Mortgage Trust 2024-13 is significant as it reflects the creditworthiness of the RMBS transaction. However, as these are preliminary ratings, the immediate impact on AOMR's stock price is likely neutral. The market may view this as a positive step in the securitization process, but it does not directly affect the company's financials or operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80