Investor Loans
Approximately 49.8% of the loans in the pool were categorized as non-qualified (non-QM) mortgages.
Sale consists of approximately 7,600 loans with an unpaid principal balance of approximately $1.49 billion.
The offering is a credit risk sharing transaction with a total note offering of $1.84 billion.
ICE says the futures contracts will offer investors a more refined hedge to manage exposure to U.S. residential mortgage rates.
The residential mortgage-backed certificates are supported by 525 nonprime residential mortgages, with a total balance of approximately $331 million.
Lender introduces Investor Flex, a debt-service coverage ratio (DSCR) allowing borrowers to use prospective income to qualify for loans on investment properties.
The prime RMBS transaction is comprised of 1,024 residential mortgages with an aggregate interest-bearing principal balance of approximately $622 million.
Pool comprises 891 residential mortgage loans with an aggregate principal balance of $1 billion.
GS Mortgage-Backed Securities Trust 2022-NQM1 is a $341.2 million, non-prime RMBS transaction.
Mello Mortgage Capital Acceptance 2022-INV1 includes agency-eligible mortgages secured by residential investment properties,