Rithm Capital Closes $504M Non-QM Loan Securitization

New York City-headquartered global asset manager, Rithm Capital Corporation, has closed a $504 million securitization backed by a pool of Non-QM loans. The loans are serviced by Rithm’s subsidiary, Newrez LLC, a major mortgage servicer and non-QM-focused lender.

The securitization, NRMLT 2025-NQM3, is collateralized by a pool of 1,039 residential mortgages with a weighted average credit score of 750 and an LTV of 70.06. 

The deal was rated by S&P and KBRA, with tranches rated AAA through B. Barclays structured the deal and acted as joint bookrunner alongside BMO Capital Markets, Deutsche Bank Securities, Goldman Sachs, Morgan Stanley, Nomura, and Wells Fargo.

“The successful close of our latest securitization demonstrates our differentiated approach to asset-based credit, the scale of our residential mortgage origination and servicing platform, and strength of our portfolio — all of which are rooted in our synergies with Newrez,” stated Sanjeev Khanna, managing director at Rithm Capital, in a release. 

Khanna added the company will continue to grow its platform and deliver “high-quality, risk-adjusted opportunities” for its investors. Rithm’s integrated platform spans structured credit, residential and commercial lending, and mortgage servicing rights (MSRs).

Rithm is a leading Non-QM issuer, with approximately $7.7 billion unpaid principal balance issued across 23 deals. This latest securitization marks Rithm’s third Non-QM transaction so far this year.