AG Mortgage reveals non-QM growth in financial report

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.”