Rithm Capital (RITM) said Wednesday that it has completed a $504 million securitization backed by non-qualified residential mortgage loans.
The loan is collateralized by 1,039 residential mortgages with a weighted average credit score of 750 and a loan-to-value of 70.06, the company said.
Rithm said the latest deal is its third non-qualified mortgage transaction this year.
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