Non-QM Securitization Closes

A securitization of primarily non-agency residential loans that don’t meet the requirements of the Qualified Mortgage rule has been completed.

The residential mortgage-backed securities included $119 million in senior classes of certificates and $13 million in subordinate classes.

But although the securitized loans are not considered QM, they do adhere to the Ability-to-Repay rule and require significant down payments.


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From:: Financing

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