"We continue to build off this momentum with a strong acquisition pipeline in 2022"
AG Mortgage Investment Trust grew its non-QM portfolio to $2.5 billion in 2021, the residential mortgage REIT company announced in its full-year financial report.
According to its release, AG Mortgage purchased $2.5 billion of non-QM and GSE non-owner-occupied loans last year, bringing its investment portfolio to $3.2 billion as of Dec. 31. The company executed five rated non-QM securitizations, two of which were alongside funds from alternative investment firm Angelo, Gordon & Co.
“During 2021, we grew our investment portfolio to $3.2 billion, purchasing approximately $2.5 billion of non-agency loans over the course of the year, and we continue to build off this momentum with a strong acquisition pipeline in 2022,” said Nicholas Smith, chief investment officer of AG Mortgage. “We completed five securitizations in 2021 and continue to increase our pace of transactions in 2022, completing two securitizations year to date.”
Read more: Non-QM market set for huge growth in 2022, says VP
AG Mortgage’s affiliate company Arc Home Loans originated $1.7 billion in non-agency loans, representing 51% of its total origination volume in 2021.
“In 2021, we successfully transitioned into a pure-play residential mortgage REIT,” said David Roberts, CEO of AG Mortgage. “During the fourth quarter, we completed a capital raise that will fuel our growth for the foreseeable future. We begin 2022 with the liquidity, infrastructure, and talent to continue to be a growing leader in the residential mortgage origination and securitization business.”
