A pool of 583 prime mortgages extended to healthcare professionals buying single-family homes, primarily, will raise $554.6 million in residential mortgage-backed securities (RMBS) for Sequoia Mortgage Trust’s 2026-MED3 series.
The underlying pool was originated through so-called doctor loan underwriting programs. Series 2026-MED3 features the highest average loan balance, $951,309 and the highest weighted average (WA) original FICO score, 757 among the two previous 2026-MED series that have come to market this year, according to analysts at Kroll Bond Rating Agency.
