Rithm Capital Closes $482.6 Million Non-QM Loan Securitization
NRMLT 2025-NQM4 is collateralized by a pool of 931 fully amortizing and interest-only, fixed-rate residential mortgage loans secured by first liens on primarily one-to-four family residential properties. The loans have a weighted averaged credit score of 752 and a loan-to-value ratio of 70.08. The debt tranches issued in the securitization were rated by S&P and KBRA with tranches rated AAA through BB+. Nomura structured the deal and served as joint bookrunner, alongside Barclays, BMO, Deutsche Bank, Goldman Sachs, Morgan Stanley, and Wells Fargo.
'We are pleased to continue to enhance the scale and sophistication of our residential mortgage origination and servicing platform,' said Sanjeev Khanna, Managing Director at Rithm Capital. '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.'
Rithm is a leading Non-QM issuer, with approximately $8.2 billion unpaid principal balance issued across 24 deals. NRMLT 2025-NQM4 marks Rithm's fourth Non-QM transaction in 2025.
About Rithm Capital
Rithm Capital Corp. is a global, multi-dimensional asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm's integrated investment platform spans across asset based finance, direct lending in residential and commercial real estate, mortgage servicing rights (MSRs) and structured credit. Through subsidiaries such as Newrez, Genesis Capital, and Sculptor Capital Management, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and fund investors.
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