Angel Oak Capital Advisors has announced the completion of AOMT 2021-2, the first non-agency, mortgage-backed securitization issued in the U.S. that also qualifies as a social bond. The $231 million securitization is composed primarily of non-qualified mortgages (non-QM) originated entirely by affiliated mortgage lenders. The securitization, made up of 466 loans, has an average credit score of 740 and a loan-to-value ratio of 73%. The transaction was rated by Fitch Ratings and Kroll Bond Rating Agency, and the senior tranche received a AAA rating.
The Mortgage Industry Standards Maintenance Organization (MISMO) has announced updates to the MISMO Business Glossary, an online resource of mortgage industry business terms and data point descriptions. The glossary now contains more than 7,000 terms and definitions, including content from MISMO and non-MISMO sources. The glossary includes information about common business processes, events, terms, calculations, documents, forms and more.
Black Knight has announced that it has acquired eMBS Inc, which provides performance data and analytics on agency-backed securities to market participants. Black Knight intends to further integrate eMBS’ capabilities within its own data and analytics solutions, including its AFT Prepayment & Default Model and its McDash loan performance database.
