Sign in

AOMR on NYSE

Angel Oak Mortgage REIT, Inc.

In its 2026 annual report the company says: “Angel Oak Mortgage REIT, Inc. is a real estate finance company focused on acquiring and investing in first and second lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. We may also invest in other residential mortgage loans, RMBS, and other mortgage‑related assets as defined in target assets below. Our objective is to generate attractive risk‑adjusted returns for our stockholders, through cash distributions and capital appreciation, across interest rate and credit cycles.”4 It is headquartered in Baltimore, United States.2 Its shares trade on NYSE under the symbol AOMR.2

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerAOMR on NYSE2
  • IndustryReal Estate2
  • HeadquartersBaltimore, United States2
  • Incorporated inMD3
  • Business address3344 Peachtree Road Ne, Suite 1725, Atlanta, Ga 303263
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formStock Corporation2
  • LEI5493008M8D7W7VZZ7V362
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CSC- LAWYERS INCORPORATING SERVICE COMPANY, 21202 Baltimore, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D186824842

See how the biggest companies compare on our leaderboards

Angel Oak Mortgage REIT, Inc. is a real estate finance company focused on acquiring and investing in first and second lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Our strategy is to make credit-sensitive investments primarily in newly-originated non-QM loans and other mortgage assets that are primarily made to higher-quality borrowers and sourced from the proprietary mortgage lending platform of our affiliate, Angel Oak Mortgage Lending, and other originators through our relationship with Angel Oak Capital. We may also invest in other residential mortgage loans, RMBS, and other mortgage‑related assets as defined in target assets below. Our objective is to generate attractive risk‑adjusted returns for our stockholders, through cash distributions and capital appreciation, across interest rate and credit cycles.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789$44.0M in 2025+5882% since 2020
-$200.0M-$100.0M0$100.0M2020: $736.0K$736.0K20202021: $21.1M$21.1M2021+2769%2022: -$187.8M-$187.8M20222023: $33.7M$33.7M20232024: $28.8M$28.8M2024−15%2025: $44.0M$44.0M2025+53%

Every line of the income statement as filed: the last 2 fiscal years, latest first.9

Period ending2025-12-312024-12-31
Interest income$143.7M$110.4M
Interest expense$102.6M$73.5M
NET INTEREST INCOME$41.1M$36.9M
Net realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS-$10.9M-$9.2M
Net unrealized gain (loss) on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts$30.8M$23.8M
TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET$19.9M$14.5M
Stock compensation$1.4M$2.0M
Securitization costs$3.6M$3.8M
Management fee incurred with affiliate$4.6M$5.0M
Total operating expenses$16.4M$19.4M
INCOME (LOSS) BEFORE INCOME TAXES$44.6M$32.0M
Income tax expense (benefit)$531.0K$3.3M
NET INCOME (LOSS) ALLOCABLE TO COMMON STOCKHOLDERS$44.0M$28.8M
Other comprehensive income (loss)$2.2M$1.5M
TOTAL COMPREHENSIVE INCOME (LOSS)$46.2M$30.2M
Basic earnings (loss) per common share (USD per share)$1.85$1.18
Diluted earnings (loss) per common share (USD per share)$1.80$1.17
Basic (in shares)23.7M shares24.2M shares
Diluted (in shares)24.3M shares24.4M shares

Compare Angel Oak Mortgage REIT, Inc. with another company

Corporate structure

Angel Oak Mortgage REIT, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Angel Oak Mortgage REIT, Inc.

  • Angel Oak Mortgage REIT, Inc. Baltimore, Maryland, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Angel Oak Mortgage REIT, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$41.6M9 Dec 31, 2025$40.8M9 Dec 31, 2024+2.1%

Properties, in its own words

As of December 31, 2025, we did not own any property. Our principal offices are located in space leased by an affiliate of our Manager at 980 Hammond Drive, Suite 200, Atlanta, Georgia 30328.

Item 2 of the 10-K filed Mar 3, 2026.4

Leadership

Who has led Angel Oak Mortgage REIT, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sreeniwas Prabhu2022–2024

President

  1. Sreeniwas Prabhu2022–2024

Chief financial officer

  1. Brandon Filson2021–now
2025
Board members and other officers (12)

Former names

  • Angel Oak Mortgage, Inc.Jan 31, 2019 to Mar 9, 20233

Timeline

  1. Oct 7, 20268-K Bylaws or fiscal year changed26
  2. Sep 29, 20268-K Entered a material agreement27
  3. Sep 29, 20268-K Entered a material agreement28
  4. Aug 4, 20268-K Results of operations29
  5. Jul 21, 20268-K Regulation FD disclosure30
  6. Jun 29, 20268-K Other events31
  7. May 20, 20268-K Entered a material agreement; Ended a material agreement; Executive or director change32
  8. May 14, 20268-K Shareholder vote33
  9. May 5, 20268-K Results of operations34
  10. Apr 27, 20268-K Other events35
  11. Apr 21, 20268-K Regulation FD disclosure36
  12. Mar 12, 20268-K Change of auditor37
  13. Oct 4, 2022New chief executive Sreeniwas Prabhu becomes CEO12
  14. Mar 20, 2018Founded Angel Oak Mortgage REIT, Inc. is founded2

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/202638

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results29
  2. May 5, 2026Reported quarterly or annual results34
  3. Feb 25, 2026Reported quarterly or annual results39
  4. Nov 6, 2025Reported quarterly or annual results40
  5. Aug 5, 2025Reported quarterly or annual results41
  6. May 5, 2025Reported quarterly or annual results42
  7. Mar 4, 2025Reported quarterly or annual results43
  8. Nov 6, 2024Reported quarterly or annual results44

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

275 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 113 major events, 78 insider forms, 18 large holders, 45 other. The latest 20:

  1. Oct 7, 20268-K EDGAR
  2. Oct 5, 2026S-3D EDGAR
  3. Sep 29, 20268-K EDGAR
  4. Sep 29, 20268-K EDGAR
  5. Sep 28, 20264 EDGAR
  6. Sep 23, 20264 EDGAR
  7. Sep 22, 2026144 EDGAR
  8. Sep 10, 20264 EDGAR
  9. Aug 18, 20264 EDGAR
  10. Aug 6, 2026SCHEDULE 13D/A EDGAR
  11. Aug 4, 202610-Q EDGAR
  12. Aug 4, 20268-K EDGAR
  13. Jul 27, 2026SCHEDULE 13G EDGAR
  14. Jul 21, 20268-K EDGAR
  15. Jul 16, 2026SCHEDULE 13D/A EDGAR
  16. Jul 14, 2026144 EDGAR
  17. Jul 2, 20264 EDGAR
  18. Jun 29, 20268-K EDGAR
  19. May 26, 20264 EDGAR
  20. May 21, 20264 EDGAR

The 275 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

33 open-market trades by officers, directors and large owners since October 2021: 18 buys and 15 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026Fierman MichaelDirectorBuy38,726$7.50$290.4KForm 4
Sep 22, 2026Filson BrandonCFO & TreasurerSale65,000$7.93$515.5KForm 4
Sep 10, 2026MINAMI W DDirectorBuy6,800$8.10$55.1KForm 4
May 22, 2026MINAMI W DDirectorBuy10,000$8.15$81.5KForm 4
Mar 20, 2026Xylem Finance LLC10% ownerSale481,537$7.87$3.8MForm 4
Nov 18, 2025MINAMI W DDirectorBuy3,441$8.32$28.6KForm 4
Sep 17, 2025Filson BrandonCFO & TreasurerSale50,000$9.78$489.0KForm 4
Aug 21, 2025DAVIDSON KEMPNER CAPITAL MANAGEMENT LP10% ownerSale595,000$9.75$5.8MForm 4
Aug 7, 2025Morgan JonathanDirectorBuy5,000$9.03$45.1KForm 4
May 15, 2025Xylem Finance LLC10% ownerSale452,659$9.75$4.4MForm 4
Dec 18, 2024Morgan JonathanDirectorBuy5,000$9.10$45.5KForm 4
Nov 8, 2024MINAMI W DDirectorBuy5,000$9.73$48.6KForm 4
Sep 17, 2024YOSELOFF ANTHONY ALEXANDER10% ownerSale500,000$10.00$5.0MForm 4
Sep 5, 2024Filson BrandonCFO & TreasurerSale22,894$11.02$252.3KForm 4
Sep 4, 2024Filson BrandonCFO & TreasurerSale3,084$11.17$34.4KForm 4
Sep 3, 2024Filson BrandonCFO & TreasurerSale677$11.23$7.6KForm 4
Aug 30, 2024Filson BrandonCFO & TreasurerSale1,345$11.30$15.2KForm 4
Aug 29, 2024Filson BrandonCFO & TreasurerSale2,000$11.46$22.9KForm 4
Aug 23, 2024MINAMI W DDirectorBuy5,000$11.10$55.5KForm 4
Aug 20, 2024Morgan JonathanDirectorSale4,377$12.17$53.3KForm 4

All 33 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Brandon FilsonChief Financial Officer and Treasurer$425.0K$1.5M51
2025Sreeniwas PrabhuChief Executive Officer and President$742.1K51
2024Brandon FilsonChief Financial Officer and Treasurer$425.0K$1.4M51
2024Sreeniwas PrabhuChief Executive Officer and President$3.4K51

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 81. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Morgan Stanley5,172,061$47.0M0.0%No change
Victory Capital Management Inc2,138,589$19.4M0.0%+495,207
Davidson Kempner Capital Management LP1,858,320$16.9M0.4%−1,794,353
BlackRock, Inc.1,344,764$12.2M0.0%+438,126
Masters Capital Management LLC1,000,000$9.1M1.3%No change
Vanguard Capital Management LLC884,284$8.0M0.0%+104,594
Jacobs Asset Management, LLC444,585$4.0M3.0%+69,585
State Street Corp431,427$3.9M0.0%+14,692
Wolverine Asset Management LLC399,630$3.6M0.1%+169,748
Geode Capital Management, LLC397,428$3.6M0.0%+17,852
Wells Fargo & Company/mn222,684$2.0M0.0%+11,387
Riverbridge Partners LLC199,078$1.8M0.1%+1,686
Jpmorgan Chase & Co184,255$1.7M0.0%−390,780
North Ground Capital164,369$1.5M1.8%+27,945
UBS Group AG150,817$1.4M0.0%+55,478
Northern Trust Corp145,905$1.3M0.0%+21,385
Vanguard Portfolio Management LLC114,287$1.0M0.0%+31,487
Vanguard Fiduciary Trust Co105,453$957.5K0.0%+9,615
Goldman Sachs Group Inc102,092$927.0K0.0%+8,166
Renaissance Technologies LLC95,863$870.4K0.0%+64,640
Ameriprise Financial Inc91,293$833.5K0.0%−7,276
Jacobs Levy Equity Management, Inc81,107$736.5K0.0%−9,634
State Of Wisconsin Investment Board72,219$655.7K0.0%+4,443
Bank of New York Mellon Corp53,416$485.0K0.0%+4,702
Charles Schwab Investment Management Inc42,856$389.1K0.0%+1,217

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Angel Oak Mortgage REIT, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAngel Oak Mortgage REIT, Inc.1
  • CIK0001766478
  • Employer ID (EIN)37-18921544
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6500 Real Estate1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address3344 Peachtree Road Ne, Suite 1725, Atlanta, GA 303261
  • Phone404-953-49001
  • Shares outstanding23,214,877 as of Aug 4, 202611
  • Public float$123.7M as of Jun 30, 20254
  • AuditorKPMG, LLP, Charlotte, North Carolina PCAOB ID 185; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 31, 20191
  • Filings344 in all: 8-K (120), 4 (85), 3 (20), 10-Q (16), 144 (10), DRSLTR (7), CORRESP (6), SCHEDULE 13D/A (6)1
    All 35 form types

    10-K (5), 424B5 (5), DEF 14A (5), DEFA14A (5), DRS/A (5), SC 13D/A (5), UPLOAD (5), ARS (4), 8-A12B (3), CERT (3), EFFECT (3), SC 13G/A (3), 3/A (2), 4/A (2), FWP (2), S-11/A (2), S-3 (2), SC 13D (2), SC 13G (2), SCHEDULE 13G (2), 10-Q/A (1), 424B4 (1), D (1), DRS (1), S-11 (1), S-3D (1), S-8 (1)

  • Latest filingsAnnual report (10-K) Mar 3, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Oct 7, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $0.01 par valueAOMRNew York Stock Exchange
9.500% Senior Notes due 2029AOMNNew York Stock Exchange
9.750% Senior Notes due 2030AOMDNew York Stock Exchange

From the cover page of the 10-K filed Mar 3, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Angel Oak Mortgage REIT, Inc. names in Item 1A of its 10-K filed Mar 3, 2026: 76 risks under these headings, as written.4

  • Risks Related to Our Relationship with Our Manager and its Affiliates
  • We are dependent on our Manager and certain key personnel of Angel Oak who are or may be provided to us through our Manager, and may not find a suitable replacement if our Manager terminates the Management Agreement or such key personnel are no longer available to us.
  • Other than our dedicated Chief Financial Officer and Treasurer and other partially dedicated personnel that our Manager provides to us, the Angel Oak personnel provided to us by our Manager pursuant to the Management Agreement are not required to dedicate a specific portion of their time to the management of our business.
  • Our business may be adversely affected if our reputation, the reputation of our Manager or Angel Oak, or the reputation of counterparties with whom we associate is harmed.
  • There are conflicts of interest in our relationship with Angel Oak, including our Manager, and we may compete with existing and future managed entities of Angel Oak, which may present various conflicts of interest that restrict our ability to pursue certain investment opportunities or take other actions that are beneficial to our business and result in decisions that are not in the best interests of our stockholders.
  • We rely on our Manager to source non-QM loans and other target assets for acquisition by us and Angel Oak Mortgage Lending is under no contractual obligation to sell to us any loans that it originates.
  • Our Manager’s fee structure may not create proper incentives or may induce our Manager and its affiliates to make certain loans or other investments, including speculative investments, which increase the risk of our portfolio.
  • The Management Agreement with our Manager was not negotiated on an arm’s-length basis and may not be as favorable to us as if it had been negotiated with an unaffiliated third party and may be costly and difficult to terminate. Our Manager’s liability is limited under the Management Agreement, and we have agreed to indemnify our Manager against certain liabilities.
  • Our Manager’s failure to identify and acquire assets that meet our target asset criteria or perform its responsibilities under the Management Agreement could materially and adversely affect us.
  • We do not own the Angel Oak brand or trademark, but may use the brand and trademark pursuant to the terms of a trademark license agreement with Angel Oak.
  • Under the Management Agreement, our Manager has a contractually defined duty to us rather than a fiduciary duty.
  • Our Manager manages our portfolio pursuant to very broad investment guidelines, which may result in us making riskier investments, and our Manager may change its investment process, or elect not to follow it, without stockholder consent at any time, which may materially and adversely affect us.
The other 65 risks
  • Risks Related to Our Investment Activities
  • Our operating results are dependent upon our Manager’s ability to source a large volume of desirable non-QM loans and other target assets for our investment on attractive terms.
  • Difficult conditions in the residential mortgage and residential real estate markets as well as general market concerns, including macroeconomic events, may adversely affect the value of residential mortgage loans, including non-QM loans, and other target assets in which we invest.
  • Non-QM loans that are underwritten pursuant to less stringent underwriting guidelines could experience higher rates of delinquencies, defaults and foreclosures than those experienced by loans underwritten to more stringent underwriting guidelines.
  • Angel Oak Mortgage Lending is subject to extensive licensing requirements and regulation, which could materially and adversely affect us if Angel Oak Mortgage Lending does not comply with these requirements.
  • Currently, we are focused on acquiring and investing in non-QM loans, which may subject us to legal, administrative, regulatory, and other risks, which could materially and adversely affect us.
  • The non-QM loans in which we invest are subject to increased risks.
  • Our portfolio is concentrated, and may continue to be concentrated, by asset type and by region, increasing our risk of loss if there are adverse developments or greater risks affecting the particular concentration, including due to natural disasters, terrorist events, climate change, or any other adverse event specific to those regions.
  • The non-QM loans and other residential mortgage loans in which we invest are subject to a risk of default, among other risks.
  • We may need to foreclose on certain of the residential mortgage loans we acquire, which could result in losses that materially and adversely affect us.
  • Increases in interest rates could adversely affect the value of our assets, cause our interest expense to increase, increase the risk of default on our assets and cause a decrease in the volume of certain of our target assets, which could materially and adversely affect us.
  • Changes in the fair values of our assets, liabilities, and derivatives can have a material adverse effect on us, including reduced earnings, increased earnings volatility, and volatility in our book value.
  • Credit ratings assigned to our investments are or will be subject to ongoing evaluations and revisions and we cannot assure you that those ratings will not be downgraded.
  • Prepayment rates may adversely affect the value of our portfolio.
  • Our investments in Agency RMBS and non-Agency RMBS may result in losses stemming from prepayments on the underlying asset and changes in interest rates.
  • Our investment in lower rated non-Agency RMBS resulting from the securitization of our assets or otherwise exposes us to the first loss on the mortgage assets held by the securitization vehicle. Additionally, the principal and interest payments on non-Agency RMBS are not guaranteed by any entity, including any government entity or GSE, and therefore are subject to increased risks, including credit risk.
  • We invest in investment property loans, which may expose us to an increased risk of loss.
  • We have invested in, and may continue to invest in, jumbo prime mortgage loans, which may expose us to an increased risk of loss.
  • The performance of our investments in commercial mortgage loans, including senior mortgage loans and small balance commercial mortgage loans, is dependent upon factors that are outside our control.
  • We have acquired and may continue to acquire second lien mortgage loans and HELOC mortgage loans, which may pose additional risks for us.
  • We may invest in commercial bridge loans, mezzanine loans, construction loans, and B-Notes, which would subject us to an increased risk of loss.
  • We may invest in residential bridge loans, which would expose us to the risk that the borrower of such loan may not be able to sell the property on attractive terms or at all once the property has been re-developed, which may materially and adversely affect us.
  • We may invest in Alt-A mortgage loans and subprime residential mortgage loans or RMBS collateralized by Alt-A mortgage loans and subprime residential mortgage loans, which are subject to increased risks.
  • We may invest in CRT securities that are subject to mortgage credit risk.
  • Investments that we make in CMBS pose additional risks.
  • We may acquire MSRs or excess MSRs, which would expose us to significant risks.
  • We may invest in ABS and consumer loans, which poses additional risks.
  • We may invest in distressed or non-performing residential mortgage loans and commercial mortgage loans, which could increase our risk of loss.
  • We have invested in, and may continue to invest in, TBAs and execute TBA dollar roll transactions. It could be uneconomical to roll our TBA contracts or we may be unable to meet margin calls on our TBA contracts, which could expose us to risks.
  • We rely on analytical models and other data to analyze potential asset acquisition and disposition opportunities and to manage our portfolio. Such models and other data may be incorrect, misleading, or incomplete, which could cause us to purchase assets that do not meet our expectations or to make asset management decisions that are not in line with our strategy.
  • Valuations of some of our assets are inherently uncertain, may be based on estimates, may fluctuate over short periods of time and may differ from the values that would have been used if a ready market for these assets existed.
  • The lack of liquidity in our assets may have a material adverse effect on us.
  • We may be exposed to environmental liabilities with respect to properties in which we have an interest.
  • Insurance proceeds on a property may not cover all losses, which could result in the corresponding non-performance of or loss on our investment related to such property.
  • Risks Related to Our Company
  • Higher homeownership expenses may negatively impact housing affordability and increase mortgage delinquencies, defaults, and foreclosures.
  • We may change our strategy, investment guidelines, hedging strategy, asset allocation, operational, and management policies without notice or stockholder consent, which could materially and adversely affect us.
  • Our due diligence on potential investments may not reveal all of the risks associated with such investments and may not reveal other weaknesses in such investments, which could materially and adversely affect us.
  • The failure of our third-party servicers to service our investments effectively would materially and adversely affect us.
  • We may be affected by deficiencies in foreclosure practices of third parties, as well as related delays in the foreclosure process.
  • Mortgage loan modification programs and future legislative action may adversely affect the value of, and the returns on, our target assets, which could materially and adversely affect us.
  • We operate in a highly competitive market.
  • A change to the conservatorship of Fannie Mae and Freddie Mac and related actions, along with any changes in laws and regulations affecting the relationship between Fannie Mae and Freddie Mac and the U.S. Government, could materially and adversely affect us.
  • Certain actions by the U.S. Federal Reserve could materially and adversely affect us.
  • We are subject to counterparty risk and may be unable to seek indemnity or require our counterparties to repurchase mortgage loans if they breach representations and warranties, which could have a material adverse effect on us.
  • Maintaining cybersecurity and data security is important to our business and a breach of our cybersecurity or data security could result in serious harm to our reputation and have a material adverse impact on our business and financial results.
  • We and Angel Oak Mortgage Lending may be unable to make technological improvements as quickly as demanded by parties with which we or Angel Oak Mortgage Lending transact, which may adversely affect our results of operations, financial condition and liquidity.
  • We are highly dependent on information systems, and system failures could significantly disrupt our business, which may, in turn, have a material adverse effect on us.
  • We or Angel Oak, including our Manager and its affiliates, may be subject to regulatory inquiries or proceedings.
  • Our industry is highly regulated and we or Angel Oak, including our Manager, may be subject to adverse legislative or regulatory changes.
  • Maintenance of our exclusion from regulation as an investment company under the Investment Company Act imposes significant limitations on our operations.
  • Accounting rules for certain of our transactions are highly complex and involve significant judgment and assumptions. Changes in accounting interpretations or assumptions could impact our consolidated financial statements.
  • Future joint venture investments could be adversely affected by our lack of sole decision-making authority, our reliance on joint venture partners’ financial condition and liquidity, and disputes between us and our joint venture partners.
  • If we fail to develop, enhance and implement strategies to adapt to changing conditions in the residential real estate and capital markets, our financial condition and results of operations may be materially and adversely affected.
  • Risks Related to Our Financing and Hedging
  • Our significant debt subjects us to increased risk of loss, and our charter and bylaws contain no limitation on the amount of debt we may incur.
  • Our access to financing sources, which may not be available on favorable terms, or at all, may be limited, and this may materially and adversely affect us.
  • We use leverage in executing our business strategy, which may materially and adversely affect us.
  • Market conditions and other factors may affect our ability to securitize assets, which could increase our financing costs and materially and adversely affect us.
  • We may be unable to profitably execute securitization transactions, which could materially and adversely affect us.
  • Our securitization transactions may result in litigation, which could materially and adversely affect us.
  • Our securitization transactions may be on significantly less advantageous terms than we had anticipated and we may be materially and adversely affected.
  • Our loan financing lines subject us to additional risks, which could materially and adversely affect us.
  • Our lenders and our derivative counterparties may require us to post additional collateral, which may force us to liquidate assets, and if we fail to post sufficient collateral our debts may be accelerated and/or our derivative contracts terminated on unfavorable terms.
  • Our rights under loan financing lines are subject to the effects of the bankruptcy laws in the event of the bankruptcy or insolvency of us or our lenders.
  • Interest rate fluctuations could increase our financing costs, which could materially and adversely affect us.
  • Hedging against interest rate changes and other risks may materially and adversely affect us.
  • Our hedging activities may expose us to additional risks.

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
    SEC EDGAROther events
  32. 32
  33. 33
  34. 34
  35. 35
    SEC EDGAROther events
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51