Rithm Capital, a global asset manager experienced in real estate and credit, has closed a $482.6 million securitization of non-qualified residential mortgage (Non-QM) loans, named NRMLT 2025-NQM4. This marks the company’s fourth non-QM deal of 2025, emphasizing its leadership in the market.
The securitization is backed by 931 residential mortgage loans, featuring both fully amortizing and interest-only fixed-rate mortgages secured by first liens on one to four-family properties. The loans exhibit a strong quality, with a weighted average credit score of 752 and a loan-to-value ratio of 70.08%. They are serviced by Rithm’s subsidiary, Newrez LLC, ensuring expertise and stability.
The debt tranches received ratings from S&P and KBRA, ranging from AAA to BB+, appealing to various institutional investors. Nomura structured the deal alongside major financial institutions, including Barclays, BMO, and Goldman Sachs.
To date, Rithm Capital has issued approximately $8.2 billion in unpaid principal across 24 Non-QM deals, highlighting its expertise in this specialized market and its ability to meet investor demand in credit and housing.
KEY QUOTE:
“We are pleased to continue to enhance the scale and sophistication of our residential mortgage origination and servicing platform. This transaction underscores the depth and breadth of our capabilities and access to scalable, high-quality Non-QM assets. We remain focused on leveraging our sourcing channels to deliver compelling opportunities for our investors across various market conditions.”
Sanjeev Khanna, Managing Director at Rithm Capital
