1. AOMR is involved in a new non-prime RMBS transaction worth $284.3 million. 2. The transaction includes 575 residential mortgages, focusing on alternative income documentation.
The assignment of preliminary ratings suggests confidence in AOMR’s risk profile. Historically, successful RMBS transactions have positively influenced underlying stock prices in the sector.
The announcement about the mortgage-backed certificates demonstrates strategic growth, potentially leading to increased liquidity and investor confidence in AOMR.
Positive sentiment from new ratings could drive immediate investor interest. Similar past events often led to short-term stock price increases.