Angel Oak Mortgage REIT, Inc. is a real estate finance company that acquires and invests in first and second lien non-QM (non-Qualified Mortgage) loans and other mortgage-related assets across residential, commercial, and alternative credit markets in the U.S. The company generates returns by capturing the spread between interest earned on acquired loans and its cost of capital, as well as returns from retained securities following securitizations, employing a financing strategy of short-term accumulation pending securitization with long-term fixed-rate term funding. As a REIT externally managed by an Angel Oak Capital affiliate, the company leverages its vertically integrated platform, in-house mortgage expertise, and affiliated origination platform to identify and acquire target assets with specific credit and return profiles.