Rithm Capital Launches $493.7 Million Non-Prime RMBS Offering
Rithm Capital Corp. RITM | 9.47 9.47 | -0.11% 0.00% Pre |
Rithm Capital Corp. has announced a debt offering through the New Residential Mortgage Loan Trust 2025-NQM7 (NRMLT 2025-NQM7), a $493.7 million non-prime residential mortgage-backed securities (RMBS) transaction. The offering consists of 10 classes of mortgage-backed notes, with the underlying pool comprising 915 residential mortgages. The majority of these loans were originated by NewRez LLC and Champions Funding, LLC, and will be serviced by NewRez LLC. The pool features a weighted average original credit score of 757 and a weighted average original loan-to-value (LTV) ratio of 72.2%. Additional information, including ratings and relevant documents, is available at https://www.kbra.com.
