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OBX 2023-NQM1 is a $405.2 million non-prime RMBS transaction.
Like refinancing a mortgage, redeeming a securitization affected by volatility of rates.
The preliminary ratings are for mortgage-backed notes, with all loans originated by NewRez LLC or Caliber Home Loans.
AmWest Funding Corp., others originated the 765 loans in the $397.5 million non-prime RMBS transaction.
The $255.3 million non-prime residential mortgage-backed securities transaction is sponsored by Sutton Funding LLC.
The $359 million non-prime RMBS transaction comprises 681 mortgages, 83.5% of which utilized alternative income documentation.
