Prime mortgages support $363.2 million in RMBS from RATE
RATE 2026-J1 has a seasoned probability of default of 6.4% and 1.3% on the 'AAA' and 'B' rating stress levels, respectively.
RMBS
EFMT’s book of non-prime mortgages supports $509.6 million in RMBS
LendSure originated more than one third of the loans in the pool, while American Heritage Lending and The Loan Store represent 14.8% and 11.1% of the pool.
Verus’ latest RMBS issuance to raise $690.5 million
The collateral pool consists of 1,318 mortgages, aggregated by Invictus Capital Partners from originators that include NewRez, and each accounts for less than 10% of the mortgage loans.
Onslow Bay prepares to sell $452.7 million in ABS from HELOCs
First liens and junior liens account for 197 and 1,755 of the pool, respectively, DBRS said. They have unpaid balances of $30.5 million and $217 million, with FICO scores of 747 and 740 on a WA basis.
Aspire aims to sell $391.2 million in non-prime RMBS
The Loan Store originated the largest portion of mortgages in the pool, 10.3%, according to Fitch, while an array of other lenders accounted for the rest.
A&D Mortgage raises $602.7 million in non-prime RMBS
Underwriting relied heavily on alternative documentation, led by debt-service coverage ratios (35.7%) and bank statements ranging from 12-23 months (28.2%) and longer than 24 months (4.6%).
Angel Oak’s latest securitization to raise $272.2 million in RMBS
After closing, which is expected on February 27, coupons are expected to pay coupons of 4.83% on the notes rated AAA and 5.04% on the AAA-rated A1LCF.
Joseph Gatti joins Morgan Lewis as structured finance partner
Gatti will be based in the firm's Washington, D.C. office, where he focuses on structuring and executing asset-backed securities deals and other structured finance transactions.
Prime mortgages secure a $321.2 million RMBS from Goldman
GSMBS 2026-PJ2's losses are based on a senior-subordinate, shifting-interest structure and Fitch expects a 10.3% final probability of default in the AAA rating stress.
Sequoia Mortgage’s prime jumbo pool supports a $792.2 million RMBS
SEMT 2026-2, will repay investors through a senior-subordinate structure, with a shifting-interest structure.
CROSS platform issues $502.6 million in RMBS, including non-QM loans
After four years, the senior note classes will either pay a 100 basis-point increase to the fixed coupon or the net weighted average coupon (WAC) rate, whichever is lower.
Provident Funding raises $331 million in agency RMBS
Property inspection waivers were granted on 40.2% of the underlying mortgages, reflecting an increasing trend of agency mortgages being originated without them.
High-quality investment mortgages secure EFMT’s $325.7 million RMBS
Although investor properties, which are prone to higher chances of default, account for 58% of the pool, the strong borrower and collateral quality mitigate the credit stress.
PennyMac mortgages to support a $302.3 million RMBS
In terms of the deal's capital structure, will repay noteholders following a sequential, shifting-interest structure, and six subordinate classes support the senior notes.
Investment mortgages drive $331.5 million, DRMT securitization
DRMT 2026-INV1, is backed by a pool of 1,153 non-prime investment property mortgages, which have a moderate leverage levels of an original, combined loan-to-value (CLTV) ratio of 69.9%.
Onslow Bay deal to raise $366.7 million in prime RMBS
OBX 2026-J1 will repay noteholders through a senior subordinate, shifting interest structure.
Temple View raises $250 million from residential transition loans
TVC Mortgage's notes, which will be generally interest-only, will repay investors sequentially.
Morgan Stanley’s non-QM RMBS raises $397.5 million
The moderate leverage reflects the quality of RMBS pools from recent issuance years. Borrowers have a non-zero WA annual income of $1 million, with liquid reserves of $594,348.
RCKT Mortgage’s latest second-lien RMBS raises $548.2 million
Despite RCKT Mortgage's second-lien composition, the loans display several positive credit characteristics, including a WA credit score of 745.
BRAVO Residential raises $401.3 million in RMBS from a non-QM pool
The notes are expected to pay coupons of 4.94% on notes in the A1FCF tranche, rated AAA from KBRA and Fitch Ratings, to 6.78% on the B1 notes.
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