Five Oaks Investment Corp. Announces the Appointment of David Akre as Managing Director at Oak Circle Capital Partners LLC
New York—Five Oaks Investment Corp. announced that David Akre has joined the senior management team of Oak Circle Capital Partners LLC, the Company’s external manager, as a managing director. Akre will have primary responsibility for developing opportunities in the residential mortgage market, which is expected to enable Five Oaks to better benefit from the curtailment of direct government involvement in housing finance.
Akre has extensive experience in the residential mortgage loan market, including whole loan acquisition, credit underwriting, securitization, hedging and financing. He 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.