David Akre is the new managing director at Five Oaks Investment Corp.’s, Oak Circle Capital Partners group, where he will develop opportunities in in non-agency investments, securitization and origination.
Akre was previously Co-CEO, vice chairman, director and co-founder of New York Mortgage Trust, and prior to that he was vice president of capital markets, bulk acquisitions and secondary markets at Thornburg Mortgage, Inc.
He has extensive experience in the residential mortgage loan market, including whole loan acquisition, credit underwriting, securitization, hedging and financing.
"We are looking forward to participating in the recapitalization of the private mortgage market, and [Akre's] in-depth experience and background will help us to build out our capabilities in this regard,” said David Carroll, chairman and CEO of the company, in a press release.
Five Oaks Investment is a real estate investment trust focused on investing in, financing and managing a portfolio of RMBS, residential mortgage loans and other mortgage related investments. The REIT invests in both Agency and Non-Agency RMBS and related investments.