A&D MortGage announces $ 459 million RMBS transaction
The transaction is supported by a pool of 1,290 loans, with 45% of them linked to investment houses, and includes a mix of non-QM loans such as bank statement and debtor-resident (DSCR) Hypotheken.
The Pole has an weighted average credit score of 745 and a weighted average combined loan / value ratio of 68.9%. All loans were created by A&D mortgage or one of the qualified correspondents.
Last month, A&D announced the acquisition of the wholesaler and non -laid -out correspondent companies Mr. Cooper Group In a deal that is expected to close at the end of March. The two entities that were financed more than $ 10 billion in original in 2024, A&D reported.
“We have chosen a very careful and measured approach to find a potential partner to grow our QM activities,” said Max Slyusarchuk of the Mortgage CEO at the time. “The goal of A&D is to be a market leader, and this transaction is a big step forward.”
In September 2024, A&D worked together with Global Investment Firm Atlas Merchant Capital On a joint venture that has expanded A&Ds $ 7 billion securitization platform. Imperial said at the time that the goal was to securitize loans for investments in a series of effects in sponsored transactions.
The Joint Venture closed its first RMBS deal in August with $ 370 million in mortgages that were created by A&D. The deal was assessed by S&P Global And Kroll Bond Rating Agency. It was the 21st deal of A&D, but first under his partnership with Atlas.
