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, […]
Prime mortgages support $363.2 million in RMBS from RATE Read More »
A pool of 1,638 fixed- and adjustable-rate mortgages extended to non-prime and subprime borrowers will collateralize $847.2 million in residential mortgage-backed securities (RMBS), sponsored by Onslow Bay Financial. Processing Content Most credit aspects of the deal are neutral, said Fitch Ratings. This includes what Fitch Ratings calls a seasoned probability of default (PD) driver, which
Onslow Bay Financial sponsors non-QM deal for $847.2 million Read More »
Non-qualified mortgages will secure the latest J.P. Morgan mortgage issuance, as the J.P. Morgan Mortgage Trust 2025-NQM5 comes to market with $587.6 million in residential mortgage-backed securities. Processing Content According to Fitch Ratings and Morningstar DBRS, which assessed the deal, the collateral pool is secured by a pool of all first lien mortgages diversified by
Non-QM mortgages secure JP Morgan’s latest RMBS, offering $587.6 million Read More »
A pool of non-prime residential mortgages will collateralize $328.3 million in residential mortgage-backed securities (RMBS), through the CROSS 2025-H10 Mortgage Trust. Processing Content The transaction will issue notes through about nine tranches of class A, M and B notes, according to analysts at Kroll Bond Rating Agency. The notes will repay investors through a hybrid
CROSS intends to raise $328.3 million from non-prime mortgages Read More »
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
PRPM’s mortgage assets support $263.9 million in RMBS Read More »