KBRA Assigns Preliminary Ratings to Angel Oak Mortgage Trust 2025-13 (AOMT 2025-13)

Core Viewpoint - KBRA has assigned preliminary ratings to eight classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2025-13, which is a $333.4 million non-prime RMBS transaction [1] Group 1: Transaction Details - The underlying collateral consists of 659 residential mortgages [1] - A significant concentration of loans is underwritten using alternative income documentation [1] Group 2: Loan Classification - 53.5% of the loans are classified as non-qualified mortgages (Non-QM) [1] - 46.5% of the loans are exempt from the Ability-to-Repay rule [1]