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Securitization

Mutual of Omaha issues $243.3M reverse mortgage securitization

DBRS Morningstar, HWmember, Mutual of Omaha Mortgage, Reverse, Reverse Mortgage Daily, Securitization /

Mutual of Omaha Mortgage is marketing a $243.3 million securitization backed by newly originated proprietary reverse mortgages, according to a presale report published Monday by Morningstar DBRS. The transaction is backed by 318 reverse mortgages with about $200.1 million in unpaid principal balance, most of which were originated in 2025 and are secured by first […]

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Jefferies expands credit reach with Hildene stake

Annuities, M&A, Secondary markets, Securitization /

Jeffries Financial Group is purchasing a 50% stake in the parent company of Hildene Capital Management, which has a secondary market/securitization arrangement with Crosscountry Mortgage. Concurrent with this transaction, Hildene Capital Management is acquiring the holding company for SILAC Insurance, a provider of fixed and fixed indexed annuities for $550 million in cash. Compensation for

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Industry pushes new HMBS to fix aging reverse loans

LOAN PRODUCTS, Originations, Secondary markets, Securitization, Underwriting /

A new type of reverse mortgage security needs to be created to accommodate Home Equity Conversion Mortgages that have reached the 98% maximum claim amount, a pair of industry organizations said in their respective responses to a government request for information. The RFI from the Federal Housing Administration and Ginnie Mae — along with their

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Fed, not GSEs, should be mortgage securities backstop: BofA

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

Analysts at Bank of America Securities say they are in the minority in believing Fannie Mae and Freddie Mac should return to serving as the main backstop buyers of agency mortgage-backed securities. BofA Securities has said the return of the GSEs as major MBS purchasers “would be welcomed in managed form, particularly given their retained

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GM Financial readies a $925 million auto ABS deal

Auto ABS, Bank of Montreal, Deutsche Bank, Securitization /

GM Financial Consumer Automobile Receivables Trust is preparing to raise $925 million pool of asset-backed securities, collateralized by a pool of retail installment loan contracts. The deal will sell notes to investors through eight tranches of class A, B and C notes, according to Moody’s Ratings. There are five class A tranches, and they have

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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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