Saudis start mortgage-backed security market to drive liquidity
Saudi banks may transfer as much as $48 billion in legacy mortgages to SRC by 2030, unlocking liquidity and enabling almost $23 billion of securitization for investors.
RMBS
Hildene’s CROSS raises another $496.3 million from mortgages
Most of the pool, 74.6%, was underwritten to less than full documentation. Of the pool loans, 38.2% of them were underwritten to a 12-month or 24-month bank statements.
Non-QM, investment mortgages supports $370.7 million in RMBS
The collateral pool is composed of a mix of 939 first-lien loans, lent to highly qualified borrowers, and under tightened underwriting standards.
GCAT’s portfolio of investment and second homes to support $250 million in RMBS
The entire pool was originated using agency underwriting, with PennyMac being the largest originator, and accounting for 66.1% of the mortgage loans.
PRPM’s mortgage assets support $263.9 million in RMBS
Notes are expected to pay a coupon of 4.5% on the A1 through M2 tranches, compared with a 5.25% coupon on the previous deal.
Tricon Residential sells $425.1 million in single-family rental certificates
Certain provisions in the deal allow for changes in the collateral pool, including allowing for discretionary substitutions of up to 2.0% of the number of properties.
Fitch: Structured credit performance to worsen
Ratings are holding up but global economic prospects dim
By
John Hintze
New ruling answers legacy mortgage bond servicing question
The case pitted high-profile senior-tranche investors like PIMCO against junior bondholders the interpretation of contracts that predated later policy changes.
Fidelis Investors raises $144.5 million from resi transition loans
The portfolio consists of first-lien, fixed-rate and interest-only balloon RTLs. They were originated with original terms of six to 24 months to maturity.
GS Mortgage raises $311.2 million from prime mortgages
Most of GSMBS 2025-PJ7's notes are interest only, and will repay investors on a senior-subordinate, shifting interest sequence.
Non-QM drives RMBS H125 gains amid uncertain outlook
Most indicators cited by Morningstar DBRS are favorable to a good securitization market the rest of the year, but inflation is one of several challenges.
Foundation Finance Trust raises $329 million in RMBS
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
OBX 2025-NQM11 raises $650 million in RMBS notes
The loans are secured by single-family residential properties, townhouses, planned-unit developments, condominiums, and two- to four-family residential properties.
BVRT issues $145 million of notes backed by Fannie Mae mortgages
The notes are enhanced by a credit risk transfer agreement with Fannie Mae.
Hadrian Funding 2025-1 PLC issues U.K. RMBS notes
The transaction is a securitization of 4,841 prime residential owner-occupied mortgages originated in England, Scotland and Wales by Newcastle Building Society.
Chase RMBS issuance raises $501.7 million
The deal is the seventh prime jumbo issuance from Chase Home Lending Mortgage Trust in 2025.
Prime jumbo loans secure RMBS issue by Rate Mortgage Trust
The portfolio has high credit quality loans and geographic concentration.
Non-prime U.S. residential mortgage pool secures $283.64M Santander notes
The RMBS notes benefit from geographic diversity and credit enhancement.
COLT 2025-6 Mortgage Loan Trust raises $331M
The RMBS transaction is backed by first-lien, fixed- and adjustable-rate, fully amortizing residential mortgage loans, some with interest-only periods, to prime and non-prime borrowers.
Sequoia raises $478 million in RMBS
The prime jumbo RMBS transaction is collateralized by 402 residential mortgage loans.
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