“We are proud of our third quarter results, which showcased the impact of our growth strategy that we discussed in last quarter’s earnings call. The benefits of our purchases of newly-originated, current-market coupon loans, securitization activity, and debt facility optimization are reflected in our 14.8% net interest margin growth versus the second quarter,” said Sreeni Prabhu, CEO and president of Angel Oak Mortgage REIT. “We made additional progress on the expense side of the income statement, reducing operating expenses excluding securitization costs by 12.5% versus the second quarter. Going forward, we remain focused on growing the earnings power of our portfolio while maintaining our strong liquidity position. As such, we plan to continue the selective acquisition of high-quality, current-market coupon loans, participate in strategic securitizations, and manage expenses, allowing us to generate increasingly attractive returns for our shareholders.”
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