Angel Oak Mortgage REIT, Inc. Appoints Noelle J. Savarese as Director
October 20, 2023 at 02:09 am IST
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On October 18, 2023, the Board of Directors of Angel Oak Mortgage REIT, Inc. appointed Noelle J. Savarese as a director, effective October 18, 2023, with a term expiring at the 2024 annual meeting of the Company's stockholders. Ms. Savarese fills a vacant seat which was created due to the resignation of a previous Board member in July 2023. The Board has determined that Ms. Savarese is independent" under the corporate governance standards of the New York Stock Exchange.
Angel Oak Mortgage REIT, Inc. is a real estate investment trust (REIT) focused on acquiring and investing in first lien non-qualified residential mortgage (non-QM) loans and other mortgage-related assets in the United States (U.S.) mortgage market. The Company's objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. Its strategy is to make credit-sensitive investments in newly originated first lien non-QM loans that are primarily made to non-QM loan borrowers and primarily sourced from its mortgage lending platform, Angel Oak Mortgage Lending, which operates through a wholesale channel and has a national origination footprint. It also may invest in other residential mortgage loans, RMBS, and other mortgage-related assets, which, collectively with non-QM loans, are referred to as target assets. It is externally managed and advised by Falcons I, LLC (the Manager).
ANGEL OAK MORTGAGE REIT, INC. 
