Latest news with #RTLs
Yahoo
29-07-2025
- Business
- Yahoo
Clearwater Analytics Expands Solutions for Prosperity to Support Growing Mortgage Portfolio
BOISE, Idaho & CHICAGO & NEW YORK & LONDON, July 29, 2025--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced the expansion of its solutions for existing client Prosperity Life Group and its insurance-focused asset manager, Prosperity Asset Management (collectively "Prosperity"), to support their continued growth in mortgage assets, particularly complex residential tranche loans (RTLs). The additional solution, which has been seamlessly integrated with Prosperity's existing Clearwater platform, streamlines mortgage loan operations by providing a single platform for managing the entire mortgage lifecycle—from origination and deal management to analytics, accounting, and reporting. The solution enhances transparency and control, allowing Prosperity to manage the increased volume and complexity of its mortgage portfolio, as well as the optimization of tranche-specific drawdown schedules for the RTL portfolio. The accuracy and timeliness of the data on the Clearwater platform will help Prosperity access an up-to-date view of its mortgage book and receive a complete portfolio overview. "As we continue to strategically scale our mortgage portfolio, expanding our partnership with Clearwater will help to streamline and enhance our operational capabilities," said Richard Gordon, Controller at Prosperity Asset Management. "This solution provides our asset management and insurance teams with clean and accurate data that will help them make informed decisions and meet regulatory requirements." "Prosperity is taking a strategic step forward by ensuring its mortgage investments are backed by scalable, transparent, and automated infrastructure," said Kirat Singh, President of Risk and Alternative Assets at Clearwater Analytics. "The demands on insurance companies with mortgage books are increasing, and leading firms respond by modernizing their approach. With Clearwater, Prosperity is positioning itself for long-term growth with the agility and insights needed to navigate an evolving market." Contact an expert today for more information about Clearwater Analytics and how our solutions can support your organization. About Prosperity Life Group Prosperity Life Group is an innovative insurance, reinsurance, and asset management organization. Collectively, its underwriting companies have been helping individuals and their families for over 100 years by providing life insurance, asset accumulation, and supplemental health products to help them achieve their goals. Prosperity's asset management business is conducted through Prosperity Asset Management, an insurance-focused asset manager specializing in private and public credit opportunities and origination platforms. For more information about Prosperity Life Group, visit For more information about Prosperity Asset Management, visit About Clearwater Analytics Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry's most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater's single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally. Learn more at View source version on Contacts Media Contact: Claudia Cahill, Head of Communications and PR | +1 208-433-1200 | press@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
23-07-2025
- Business
- Business Wire
Fidelis Investors Closes Second Rated RTL Securitization, FID 2025-RTL2, Illustrating Continued Demand Amid Tariff Volatility
NEW YORK--(BUSINESS WIRE)--Fidelis Investors, a leading alternative asset manager with over $1 billion in assets under management, today announced the closing of its second rated Residential Transition Loan (RTL) securitization, FID 2025-RTL2. The transaction marks another important step in Fidelis' mission to bring scale, structure, and transparency to the RTL market, while broadening institutional investor access to housing rehabilitation financing. It also demonstrates continued demand amid recent market volatility stemming from tariffs. Rated by Morningstar DBRS, FID 2025-RTL2 is a two-year revolving, $144.525mm securitization backed by 308 RTLs across 24 different lenders, led by Unitas Funding, LLC, a wholly owned subsidiary of Fidelis. Additional eligible RTLs may be added to the portfolio in future transfer periods, subject to the transaction's eligibility criteria. 'This second RTL securitization continues our mission to institutionalize the asset class while creating investor access to an underserved but essential segment of the housing market,' said Brian Tortorella, Managing Partner at Fidelis Investors. 'With a seasoned and standardized platform, Fidelis is building repeatable capital markets solutions that connect institutional demand to America's housing supply challenge.' 'Jefferies commends Fidelis' ability to drive best in class securitization pricing with a well-diversified orderbook,' said Michael Wade, Co-Head of Securitized Markets Group, Capital Markets at Jefferies. 'We look forward to continuing to support Fidelis' mission as they become a programmatic securitization issuer and mainstay in the capital markets ecosystem.' FID 2025-RTL2 follows the firm's inaugural securitization in February 2025 and was oversubscribed across all tranches, with both repeat participants and new investors joining the book. This strong demand reflects growing familiarity with RTLs as an asset class and confidence in the Fidelis platform. 'The market response to this transaction validates our approach and demonstrates that more investors are becoming comfortable with and excited about this asset class,' said Michael Tessitore, Managing Partner at Fidelis Investors. 'We're proud to bring another high-quality securitization to the market that serves both investors and communities.' The firm's second RTL securitization comes after a brief market slowdown earlier this year due to tariff-related disruptions that temporarily paused issuance across the securitization market. Activity has since normalized, and current yields are largely in line with pre-tariff levels. Fidelis' ability to execute another securitization so soon after its first reflects its long-term vision to become a programmatic issuer, offering investors repeatable access to this emerging asset class. Christopher Schmidt, Managing Director at Jefferies, agreed. 'We are pleased to be part of the ongoing growth of the Fidelis enterprise, as they continue to separate themselves as a premier leader in the RTL securitization, origination and asset management space,' he said. 'Whether held on the balance sheet or brought to market, we've been committed to the RTL space since 2013,' added Tortorella. 'Rated securitizations are a natural evolution for us, opening new investor channels while supporting liquidity and competitive financing terms for housing rehabilitation loans.' Jefferies served as sole lead manager and bookrunner. About Fidelis Investors Founded in 2020 and headquartered in Cranford, New Jersey, Fidelis Investors is an alternative asset manager serving institutional investors with strategies across mortgage debt, structured finance, asset-based lending, and real estate. Fidelis has invested approximately $4.5 billion through 16 Mortgage & Real Estate Debt Funds and continues to lead efforts to modernize access to housing-related credit with transparent, scalable solutions. About Jefferies Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, Jefferies offers insights and expertise to investors, companies, and governments.
Yahoo
11-06-2025
- Business
- Yahoo
Chimera Declares Second Quarter 2025 Common Stock Dividend
Board Declares Second Quarter 2025 Dividend of $0.37 Per Share of Common Stock NEW YORK, June 11, 2025--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.37 per common share. The dividend is payable on July 31, 2025 to common stockholders of record on June 30, 2025. The ex-dividend date is June 30, 2025. About Chimera Investment Corporation Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing for itself and for unrelated third parties through its investment management and advisory services in a diversified portfolio of real estate assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose and investor loans, including RTLs, and other real estate-related assets such as Agency CMBS. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as "goal," "target," "assume," ''believe,'' ''expect,'' ''anticipate,'' ''estimate,'' "project," "budget," "forecast," "predict," "potential," ''plan,'' ''continue,'' ''intend,'' ''should,'' ''may,'' "could," ''would,'' ''will'' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption "Risk Factors." Factors that could cause actual results to differ include, but are not limited to: our ability to obtain funding on favorable terms and access the capital markets; our ability to achieve optimal levels of leverage and effectively manage our liquidity; changes in inflation, the yield curve, interest rates and mortgage prepayment rates; our ability to manage credit risk related to our investments and comply with the Risk Retention Rules; rates of default, delinquencies, forbearance, deferred payments or decreased recovery rates on our investments; the concentration of properties securing our securities and residential loans in a small number of geographic areas; our ability to execute on our business and investment strategy; our ability to determine accurately the fair market value of our assets; changes in our industry, the general economy or geopolitical conditions; our ability to successfully integrate and realize the anticipated benefits of any acquisitions, including the Palisades Acquisition; our ability to operate our investment management and advisory services and manage any regulatory rules and conflicts of interest; the degree to which our hedging strategies may or may not be effective; our ability to effect our strategy to securitize residential mortgage loans; our ability to compete with competitors and source target assets at attractive prices; our ability to find and retain qualified executive officers and key personnel; the ability of servicers and other third parties to perform their services at a high level and comply with applicable law and expanding regulations; our dependence on information technology and its susceptibility to cyber-attacks; our ability to comply with extensive government regulation; the impact of and changes in governmental regulations, tax law and rates, accounting guidance, and similar matters; our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; our ability to maintain our classification as a real estate investment trust for U.S. federal income tax purposes; the volatility of the market price and trading volume of our shares; and our ability to make distributions to our stockholders in the future. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these, and other risk factors, is contained in Chimera's most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Readers are advised that any financial information in this press release is based on company data available at the time of this presentation and, in certain circumstances, may not have been audited by Chimera's independent auditors. View source version on Contacts Investor
