Earlier this yr, Angel Oak Capital Advisors, an funding administration agency that focuses on mortgage credit score, raised $291 million to spend money on mortgages that don’t match contained in the Certified Mortgage field.
Now, the corporate is tasking Namit Sinha with managing its non-QM investments.
Angel Oak introduced this week that it’s hiring Sinha to function the corporate’s head of mortgage methods.
On this function, Sinha will give attention to managing non-QM investments for Angel Oak, in addition to taking a look at alternatives in different areas comparable to prime jumbo mortgages, re-performing mortgage methods and mortgage servicing rights.
Sinha brings 15 years of fastened revenue expertise to his new function with Angel Oak.
Earlier than becoming a member of Angel Oak, Sinha labored for roughly 4 years as a senior vice chairman at Canyon Capital, the place he established the agency’s residential mortgage buying and selling enterprise and in addition lined its structured credit score operations.
Earlier in his profession, Sinha labored at Nomura Securities as the corporate’s government director of mortgage buying and selling, the place he specialised within the acquisition and financing of non-performing loans, RPLs, non-QM and prime jumbo loans.
Sinha additionally frolicked at Lehman Brothers and Barclays as a non-agency entire mortgage dealer.
“As we develop our experience in all types of mortgage credit score, we count on Namit’s expertise and management to drive future methods that present the very best worth proposition to our shoppers,” Angel Oak Co-CEO and Chief Funding Officer Sreeni Prabhu stated. “Namit’s expertise and deep understanding of mortgage credit score will bolster our efforts to develop into the preeminent chief within the mortgage credit score house.”