What REIT Investors Should Know About Angel Oak's IPO

What REIT Investors Should Know About Angel Oak's IPO

The COVID-19 pandemic prompted aggressive action out of the Federal Reserve, which cut benchmark interest rates to zero and reinstated bond- and mortgage-backed security purchases. The mortgage banking industry had its best year since 2003, and a slew of mortgage originators took advantage of the good times and went public. The latest mortgage bank to go public is Angel Oak Mortgage (NYSE: AOMR).