Onslow Funding latest RMBS raises $517.7 million
The deal also includes a 120-day stop advance provision, which prevents it from forwarding any interest and principal on loans that are past 120 days delinquent.
RMBS
GSE loans shift to private label for better returns
Lenders are finding better economics by placing agency loans into private-label securities, depending on the particular situation.
BNY and Snapdocs announce digital mortgage document handling initiative
On an end-to-end basis, the joint initiative delivers collateral without relying heavily on manual transfers as loans are settled, then transferred between institutions.
Sequoia Mortgage prepares $507.1 million in prime RMBS
Despite the quality of the pool's underlying loans, the pool has a large proportion of investment properties, 76.7%, which are susceptible to higher default probabilities.
Aspire prepares to sell $450.6 million in ABS
An array of unnamed originators accounted for the large majority of originators in the pool, 89.3%, the rating agencies said, while Hometown Equity Mortgage originated 10.7% of the pool.
Goldman’s latest RMBS of PRET mortgages raises $390.3 million
PRET 2026-RPL2 uses a sequential repayment structure, although the notes will not advance any principal and interest from delinquent loans.
PennyMac brings $415.7 million in RMBS to market
The notes are expected to pay coupons including 5.00% on the A6 through A30 tranches of notes, and 6.13% on the B1 through B6 notes.
Park Capital’s latest RMBS raises $380.8 million
Irrespective of the transaction's trigger status, PRKCM 2026-AFC3 will pay the A-1FCF first, until its balance is reduced to zero, and then to the A-1LCF until it is paid down.
Vista Point raises $285.5 million in RMBS from prime mortgage pool
Bank statement underwriting, often applied in situations where the borrower is self-employed, accounted for the plurality of documentation types in the pool, at 44.9%.
Itasca Park sponsors $302.4 million in RMBS
Non-qualified loans are the majority of loans in the pool, 59.2%, while loans exempt from the Ability-to-Repay/Qualified Mortgage rule, represent 35.9%.
Verus’ latest RMBS deal raises $733.8 million
KBRA noted that debt service coverage ratio underwriting accounted for the largest portion of the loans in the pool, 35.0% and 52% of borrowers in the pool are self-employed.
Increasing non-qualified mortgage delinquencies remain within bounds
Losses stemming from the 2022 vintage have been offset by excess spread, while cure and roll rates signal caution.
By
John Hintze
JP Morgan’s pool of hybrid mortgages backs $349.2 million in RMBS
All 244 underlying loans initially had a period of fixed rates between 60 and 120 months at origination and are currently ARMs, although none are interest-only.
The latest RMBS from HOMES raises $386.8 million
Full documentation was completed on just 17.9% of the pool, Fitch said, while bank statements and debt service coverage ratio (DSCR) account for 17.6% and 28.0%, respectively.
Mortgage pool attached to Deephaven secures $296.2 million in RMBS
Full documentation was only applied to 2.6% of the underlying pool of mortgages. Debt-to-income, however, was 23.3% when it was applied.
Citigroup’s seasoned mortgage pool secured $1 billion in RMBS
Some 90.3% of the loans have had a clean payment history over the past 12 months, with a 1.3% delinquency rate.
A Goldman-sponsored RMBS pool will raise $359.4 million
Most of the loans, 57.34%, are for cashout purposes and the entire loan pool are first-liens, and are of modest leverage, with an original cumulative loan-to-value (LTV) ratio of 69.74%.
Onslow Bay raises $789.6 million from its latest RMBS deal
The A1A and A1B tranches, rated 'AAA' from S&P and Kroll Bond Rating Agency, are expected to pay coupons of 5.31%.
SAGE Residential’s third CES securitization raises $247.8 million
The loans were underwritten primarily to full documentation standards, including one to two years of W-2 verification, or two years of personal and business tax returns for self-employed borrowers.
Santander’s mortgage pool to back $337.6 million in RMBS
Regardless of whether a trigger is in place, A-1FCF will always receive principal first until that balance is reduced to zero, and then to A-1LCF until it is fully paid off.
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