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                             June 3, 2021

       Robert Williams
       Chief Executive Officer and President
       Angel Oak Mortgage, Inc.
       3344 Peachtree Road NE, Suite 1725
       Atlanta, Georgia 30326

                                                        Re: Angel Oak Mortgage,
Inc.
                                                            Registration
Statement on Form S-11
                                                            Filed May 19, 2021
                                                            File No. 333-256301

       Dear Mr. Williams:

              We have reviewed your registration statement and have the
following comment. In our
       comment, we may ask you to provide us with information so we may better
understand your
       disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comment applies to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to this comment, we may have additional comments.

       Form S-11 filed on May 19, 2021

       SUMMARY SELECTED FINANCIAL AND OTHER DATA, page 47

   1.                                                   We note your disclosure
of core earnings which includes an adjustment for Net unrealized
                                                        (gains) losses on both
residential loans and commercial real estate loans which are each
                                                        recorded at fair value
in your financial statements. In light of those adjustments, please
                                                        tell us how you
determined it was appropriate to title the measure core earnings. In your
                                                        consideration of this
comment, you should also give consideration to the related measure
                                                        core return on average
equity which is disclosed on page 45 as well as other sections of
                                                        your filing. Further,
our understanding is that such measures are commonly used by
                                                        mortgage REITs as an
indicator of dividend paying ability. Please tell us if these measures
                                                        are used by the
registrant's management as an indicator of the registrant's dividend paying
                                                        ability. If so, please
revise your filing to disclose that purpose.
 Robert Williams
Angel Oak Mortgage, Inc.
June 3, 2021
Page 2

        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       You may contact Howard Efron at 202-551-3439 or Wilson Lee at
202-551-3468 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Ronald (Ron) E. Alper at 202-551-3329 or Pam Long at 202-551-3765 with
any other
questions.



                                                           Sincerely,
FirstName LastNameRobert Williams
                                                           Division of
Corporation Finance
Comapany NameAngel Oak Mortgage, Inc.
                                                           Office of Real
Estate & Construction
June 3, 2021 Page 2
cc:       J. Gerard Cummins
FirstName LastName