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Category: ABS

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Rob McDonough, director of ESG and regulatory initiatives at Angel Oak Capital, Advisors discusses its issuance of the US's first-to-market non-agency social bond securitisation

1./Can you provide more detail on the framework you developed to quantify the deal’s social impact at the loan level?

The core strategy underpinning the formation of Angel Oak’s Non-QM mortgage lending operations in 2011 was to address the material social inequities caused by the tightening of mortgage underwriting standards under the Dodd-Frank Act and other legislation in the aftermath of the financial crisis. 

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