A&D Mortgage secures $250M from Canyon for RMBS push
Briefly

A&D will provide collateral for securitizations, with Imperial structuring, managing, and distributing non-agency RMBS. A&D originated $3 billion in mortgages in 2024 and entered a joint venture with Atlas Merchant Capital. Earlier, A&D acquired Flagstar Bank's wholesale division. The partnership with Canyon and Imperial aims to enhance mortgage solutions for diverse borrowers. The first securitization is scheduled for launch soon, with Canyon Partners committed to investing in non-agency mortgage products, expressing confidence in the market's growth potential.
"A&D will provide the collateral for the securitizations, while Imperial will structure, manage, and distribute the non-agency RMBS, facilitating their market entry."
"A&D originated $3 billion in mortgages in 2024, showcasing their substantial growth and commitment to expanding their securitization platform through strategic partnerships and acquisitions."
Read at www.housingwire.com
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