Oaktree Capital Securitizes $416M of Non-QM Mortgages With Partner Citadel Servicing

Jul 29, 2019

A valued business partner of Citadel Servicing Corporation, Oaktree Capital Management, has issued its second rated securitization totaling $416,619,599 of non-QM mortgages via the Bunker Hill Loan Depositary shelf. Citadel has contributed loans totaling 21.81 percent of the deal value or $90,871,563 notional. Furthermore, Citadel will continue to support this transaction as a mortgage servicer.

“Citadel Servicing has and will continue to be an industry leader in the non-QM/non-prime niche,” said Kyle Gunderlock, president and chief operating officer of Citadel Servicing Corporation. “With a servicing portfolio of $3 billion and over 11,500 loans originated since 2011, CSC will continue to innovate and lead in the growth of this important mortgage market segment.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Jul 29, 2019

Analysis and Data

Home Sellers' Q1 Profit Margins Declined Quarterly, Annually

ATTOM reported decrease of 55.3% in the first quarter – the smallest level in more than two years.

ATTOM released its Q1 2024 U.S. Home Sales Report, revealing that profit margins for U.S. home sellers on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter – the smallest level in more than two years. The decline...

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...