Closed-end, second-lien loans support a $221.8 million RMBS from EFMT
Underwriting relied on full documentation in keeping with Ability-to-Pay rules, and all the loans received a third-party due-diligence review.
RMBS
Investment properties back Sequoia Mortgage’s latest RMBS issuance, for $569.9 million
The deal comes to market as President Trump suggested barring institutional buyers from snatching up single-family homes, the type of properties secure the bulk of SEMT 2026-INV1.
Benefit Street Partners closes new $10 billion fund
ODF II will focus on originating senior and junior commercial rea estate debt investments across major U.S. markets, focused on multifamily properties.
Trump bid to ban corporate homebuying blindsides Wall Street
Analysts at RBC Capital Markets said the plan is bad news for Invitation Homes and American Homes 4 Rent, but the companies "are long past the time of significant growth in home count
Sequoia Mortgage platform raises $672 million on prime, jumbo mortgages
Largely strong credit qualities were offset because by loans on single-family homes in the pool dropping by 0.5%, and that the percentage of loans that received due diligence decreased by 0.4%.
Onslow Bay Financial sponsors non-QM deal for $847.2 million
With limited seasoning and primarily a clean payment history, OBX 2026-NQM1 had a seasoned probability of default of 33.3% among the AAA stresses and 11.4% among the B.
PennyMac prime jumbo loans back $324.2 million in RMBS
Despite a limited representation and warranty framework, the entire pool has experienced third-party due diligence, which reduces the risk of future violations.
Non-QM mortgages secure JP Morgan’s latest RMBS, offering $587.6 million
A significant portion of the loans in the pool by balance, 44.5%, are designated at non-QM, according to DBRS, adding that about 50% of the loans in the pool were made to investors for business purposes.
Non-prime mortgages support $230.3 million in RMBS
Principal will be distributed pro rata among the senior A1 through A3 certificates, and subordinate bonds will not receive any principal until all senior classes are reduced to zero.
CROSS intends to raise $328.3 million from non-prime mortgages
Monthly excess spread will confer credit enhancement to the notes, KBRA said, and while it will be released it will not be available as credit enhancement in future payment periods.
PMT Loan Trust raises $292.8 million on conforming residential mortgages
PMT 2025-CNF2 is not required to provide advances of schedule interest and principal on loans that are delinquent by 120 days or more.
United Wholesale Mortgage acquired Two Harbors for $1.3 billion
The acquisition forms the eighth largest mortgage servicer nationwide, with a combined $400 billion in mortgage servicing rights.
Fannie, Freddie quietly add billions to mortgage-bond portfolios
The government-backed housing-finance giants increased their retained portfolios by more than 25% in the five months through October, according to the latest figures.
FIGRE issues HELOCs backed by $242.3 million in contracts
After the end of the draw periods that range from two to five years, the amortization begins, during which borrowers have a repayment period ranging from three to 25 years.
Blue Owl widens Point HEI platform with $2 billion investment
This year Point has funded more than $2 billion in home equity investments to more than 20,000 homeowners nationwide.
New Residential raises $493.7 million in non-prime RMBS
The terms of NRMLT 2025-NQM7 will not allow it to advance principal and interest on loans that are delinquent by 180 days or more.
Reverse mortgage lender PHH to sell $426.9 million in RMBS
No subordinate notes—the class M notes, essentially—will receive any principal payments until the senior class A notes have been paid down to zero.
BRAVO Residential sells $364.1 million in RMBS from second-liens
BRAVO Residential Funding's notes will repay investors through a sequential payment structure, and include a step-up coupon for classes A-1A, A-1B, A-2 and A3.
Non-prime residential mortgages underpin $298.9 million in RMBS
If cumulative loss or a delinquency trigger event is in effect, then the deal will distribute principal among the class A notes before any principal allocation the class M1 or class B certificates.
Goldman’s prime jumbo mortgage pool will raise $471 million
The transaction uses a shifting interest repayment structure, and its lockout that is subject to performance triggers.
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