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Securitization

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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U.S. Bank, NCUA reach deal in Great Financial Crisis case

Law and legal issues, Secondary markets, Securitization, Servicing /

A yearslong legal battle between credit union regulators and U.S. Bank over mortgage securities dating back to the financial crisis is nearing a settlement, according to new court filings.   Both NCUA and U.S. Bank said they were unable to comment on the settlement. A letter dated Oct. 2 from both sides to Judge Louis

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Knock closes $100M securitization, says it’s reached profitability

Home Equity, HWmember, Knock, LendingLife, Mortgage, Secondary market, Securitization /

Knock, a real estate technology company that helps homeowners to buy before they sell, on Tuesday announced the close of its inaugural $100 million securitization. Cantor Fitzgerald & Co. served as the initial purchaser and bookrunner for the transaction, which closed on Aug. 14 and generated strong demand from well-established institutional investors in residential mortgage-backed

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Knock hits profitability with $100M loan securitization

LOAN PRODUCTS, Mortgage technology, Secondary markets, Securitization /

Led by financial services firm Cantor Fitzgerald who also served as initial purchaser of the bonds, the issuance is expected to help Knock deliver $900 million worth of additional originations of its bridge loan product. The deal closed on Aug. 14 and was 75% pre-funded, garnering strong demand from institutional investors operating in residential mortgage-backed

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Favorable tailwinds drive growth in non-QM securities

Originations, Secondary markets, Securitization /

Tailwinds behind the non-qualified mortgage segment are leading to growing secondary market volumes, while loan pools are on par with recent performance levels, according to a new Morningstar DBRS report.  Second-quarter non-QM volumes exceeded last year’s number, totaling over $9.8 billion of typical securitizations, the ratings agency said in a new report. On a year-over-year

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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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Kolyer joins Cadwalader as co-head of CRE, CLO practice

CLOs, CRE, Securitization /

Steven T. Kolyer, recognized as a leading securitization industry lawyer, has joined Cadwalader as co-head of its commercial real estate, collateralized loan obligation practice. Kolyer is based in New York and brings broad experience in securitizations, structured credit products, fund formation and finance, and in CLOS, both corporate and real estate, according to a statement

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North Mill raises $582.3 million in second 2025 deal

ABS, Bank of America, Securitization /

Fixed-rate loans and lease contracts on medical, trucking and transportation equipment will provide collateral for $582.3 million in asset-backed securities (ABS) from the North Mill Equipment Finance, series 2025-B. North Mill Equipment Finance is sponsoring the deal, its second equipment securitization of the year, and is the servicer of the securitized pool, according to Moody’s

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FOA posts profit, buys out Blackstone stake

Earnings, LOAN PRODUCTS, Marketing, Originations, Reverse mortgages, Securitization /

Finance of America was profitable for a second consecutive quarter as funded volume at the reverse mortgage lender grew 7% versus the first quarter and 35% year-over-year. The company made net income from continuing operations of $80 million for the period ended June 30, unchanged from the first quarter and up from a $5 million

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