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RMBS

New Residential Mortgage floats another $500.9 million

RMBS, Securitization /

New Residential Mortgage Loan Trust, 2025-NQM5 is preparing to issue about $500.9 million in residential mortgage-backed securities (RMBS), bringing more capital into the market for investor-owned properties. Rithm Capital, a real estate investment trust that also invests in mortgage loan aggregation, is sponsoring the deal. This is also the program’s fifth securitization this year backed […]

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PRPM’s mortgage assets support $263.9 million in RMBS

Barclays, J.P. Morgan Securities, RMBS, Securitization /

A pool of residential mortgages, a substantial amount of which are not subject to ability-to-repay rules or had been modified several years ago, will provide collateral for $263.9 million in residential mortgage-backed securities (RMBS) from the PRPM 2025-RCF4 deal. Some 16.2% of the loans in the collateral pool have been modified. In the case of

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UBS will pay $300M to settle Credit Suisse case

Credit Suisse, Department of Justice, Financial crisis, HWmember, Legal, Mortgage, RMBS /

UBS Group said on Monday that it will pay $300 million to settle lingering obligations tied to a Credit Suisse deal with the U.S. Department of Justice (DOJ) over the sales of residential mortgage-backed securities (RMBS). UBS inherited the obligations when it acquired Credit Suisse in a 2023 rescue arranged by Swiss regulators. The bank

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New ruling answers legacy mortgage bond servicing question

Law and legal issues, Politics and policy, RMBS, Securitization, Servicing /

The New York Supreme Court has weighed in on a contractual dilemma Wells Fargo has reportedly faced as a residential mortgage-backed securities trustee with a responsibility to oversee investor payment distributions impacted by unforeseen policy changes. A judge has ruled on how trustees and servicers should handle forborne principal from loans in the now-defunct Home

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Non-QM drives RMBS H125 gains amid uncertain outlook

Housing markets, RMBS, Secondary markets /

For the rest of 2025, it’s an open question if the non-agency mortgage-backed securities market maintains its strong performance from the first six months, given the backdrop of tariffs, economic uncertainty and housing affordability, said Morningstar DBRS. Issuances in the first six months of 2025 topped volume for the same period in 2024 and credit

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Homes stand in this aerial photograph taken above Toronto.

Foundation Finance Trust raises $329 million in RMBS

Moody's, RMBS /

Foundation Finance Trust 2025-2 (FFIN 2025-2) has issued five classes of notes totaling $329.23 million, collateralized by $332.55 million receivables. The RMBS notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company’s network of 13,240 dealers located in most of the 50 states. The dealers provide point-of-sale financing for

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Non-prime U.S. residential mortgage pool secures $283.64M Santander notes

RMBS, Secondary markets /

Santander Bank is sponsoring the issue of its third non-qualified mortgage (non-QM)/investor loan securitization this year. The bank is a mortgage loan aggregator that predominantly focuses on non-agency loan aggregation and securitization.  The Santander Mortgage Asset Receivable Trust 2025-NQM3 will issue notes totalling $283.64 million. The sponsor and seller is Santander Bank, the depositor is

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Sequoia raises $478 million in RMBS

RMBS, Secondary markets /

Sequoia Mortgage Trust 2025-6 (SEMT 2025-6) has issued 60 residential mortgage-backed certificates which are supported by 402 loans with a total balance of $478.8 million. The pool comprises first lien, fully amortizing fixed-rate mortgages with 15- and 30-year maturity terms, which were acquired by Redwood Residential Acquisition Corp. from various mortgage originators. The collateral is

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Pros see longevity for residential transition loans

ABS, RMBS, Securitization /

Real estate professionals attending a recent Morningstar | DBRS panel discussion were optimistic about the new production prospects for residential transition loans (RTL), with about 60% saying they expected positive long-term growth, and around 32% expecting flat production from the sector. The financing environment is also positive, they said. Forty-four percent of industry professionals in

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Angel Oak Mortgage raises $350.2 million in MBS

Bank of America, Goldman Sachs, RMBS, Securitization /

As non-prime mortgage assets continue to make up a significant portion of mortgage-backed securities (MBS) deals, Angel Oak Mortgage Fund is preparing to issue $350.2 million in MBS secured by a portfolio dominated by mortgage loans considered non-qualified or exempt from ability to repay rules. Non-qualified mortgages account for most of the loans, at 55.2%,

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