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Securitization

Onslow Funding latest RMBS raises $517.7 million

Bank of America, RMBS, Securitization /

Another portfolio of prime mortgages, which primarily finance second homes and investment properties, will secure $517.7 million in residential mortgage-backed securities (RMBS), from sponsor Onslow Bay Funding. Processing Content Kroll Bond Rating Agencies says 1,322 fixed-rate mortgages are in the collateral pool, with second homes and investment properties accounting for 25.8% and 74.2% of the […]

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Without GSEs’ bond buying, mortgage rates may be even higher

Economy, Mortgage Rates, Politics and policy, Secondary markets, Securitization /

Without the presidential order mandating the government-sponsored enterprises purchase securitized loans, it is possible mortgage rates could even be higher. Processing Content The economists at Bank of America Securities are still expecting the next move out of the Federal Reserve to be a reduction in short-term rates, but they have delayed the timing. This is

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Iran war fears push Angel Oak REIT to Q1 loss

Earnings, Industry News, REITs, Secondary markets, Securitization /

Despite ongoing growth in net interest income, economic concerns surrounding the Iran War contributed to a first-quarter loss for Angel Oak Cos.’ publicly traded real estate investment trust, company leaders said.  Processing Content The lender, which specializes in buying and selling non-qualified mortgages in secondary markets, posted a GAAP loss of $7.4 million in the

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REMIC servicers may have fiduciary duty under retirement law

REMIC servicers may have fiduciary duty under retirement law

Law and legal issues, Retirement planning, Securitization, Servicing /

A residential securitization trustee could be held to a fiduciary standard under federal retiree law as the Second Circuit Court of Appeals looked to split definitional hairs on whether the mortgages are considered plan assets. Processing Content The case was brought by six trustees of the United Food & Commercial Workers Union & Employers Midwest

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Mortgage pool attached to Deephaven secures $296.2 million in RMBS

Non-QM, RMBS, Securitization /

A large pool of mortgages on investment residential properties will secure $296.2 million in residential mortgage-backed securities (RMBS) through the transaction named DRMT 2026-INV2. Processing Content RCF III TRS is the deal’s sponsor and Deephaven, which focuses on originating and acquiring non-traditional home loans. Selene Finance will service the entire pool, which also received third-party

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Prime mortgages support $363.2 million in RMBS from RATE

J.P. Morgan Securities, RMBS, Securitization /

RATE Mortgage Trust’s latest securitization of prime mortgages will raise $362.2 million in securitized bonds, with the highest average loan balance and the highest concentration of single-family homes in about four years. Processing Content The deal includes a long series of tranches of class A notes that are a combination of exchangeable and interest-only notes,

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FIGRE Trust issues $335.7 million from pool of HELOC

HELOCs, Securitization /

FIGRE Trust is preparing to sell securitized bonds secured by recently originated revolving home equity lines of credit (HELOC), with the smallest underlying loan count and a pool balance, $335.7 million, one of the smallest in the program since late July 2025. Processing Content The transaction, FIGRE Trust 2026-HF3, will sell the notes through eight

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Radian shuts mortgage conduit instead of selling

M&A, PMI, Secondary markets, Securitization /

Radian Group will be shutting its mortgage conduit rather than trying to find a buyer for the business, the company confirmed. Processing Content The story originally appeared in HousingWire. “Radian ceased accepting new business for Radian Mortgage Capital early last week and is in the process of thoughtfully winding down the business over the coming

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Redwood launches Aspire securitization shelf with $391M non-QM deal

HWmember, LendingLife, Mortgage, Non-QM, Origination, Redwood Trust, Secondary market, Securitization /

Redwood Trust closed a $391 million securitization backed by nonqualified mortgages (non-QMs), marking the inaugural deal from its Aspire platform that was expanded in early 2025, the company announced Friday. The transaction (SPIRE 2026-1) establishes Redwood’s third securitization shelf, alongside Sequoia for nonagency mortgages and CoreVest for business-purpose lending. Aspire’s first securitization includes 752 loans

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AD Mortgage launches its largest non-QM securitization yet

HWmember, Lenders, Mortgage, Non-QM, RMBS, Secondary market, Securitization /

AD Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), announced on Friday the successful launch of a $602.7 securitization deal, its largest to date. The transaction, which follows the company’s first deal of the year, a $567.42 million transaction, marks AD’s 30th securitization of AD-originated collateral and the 21st to receive ratings from

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