fbpx

Update browser for full AD Mortgage experience

It looks like you may be using an outdated browser version that we don't support. Make sure you're using the most recent version of Microsoft Edge.

Close This Window

By closing this window you acknowledge that your experience on this website may be degraded

A&D to Issue Non-QM Bonds

A&D to Issue Non-QM Bonds

A&D Mortgage, a major supplier of home loans to issuers of non-qualified mortgage bonds, is about to start selling its own securities via its Imperial Fund affiliate, with longtime structured-finance professional Jeffrey Nabi spearheading the effort. The Hollywood, Fla., lender is aiming for June to float its first securitization of accounts that fall outside the Consumer Financial Protection Bureau’s “qualified-mortgage” standards.

The offering is expected to weigh in at about $250 million.

Imperial already is lining up rating agencies and underwriters for the transaction, which will be underpinned by the same types of non-qualified loans A&D has been selling over the past six years to some of the market’s most active issuers, including Pretium Partners unit Deephaven Mortgage, Pimco, and Invictus Capital.

Source: Asset Backed Alert