Florida-based AD Mortgage, which specializes in nonqualified mortgages (non-QMs) for self-employed borrowers and real estate investors, on Thursday announced the launch of a $417.15 million pool of residential mortgage-backed securities (RMBS).

The transaction is the 28th issued by the company that involves its own collateral, and it’s the 19th offering to be rated by Fitch Ratings using collateral originated and serviced by AD Mortgage under its Imperial Fund Mortgage Trust.

The RMBS package includes 1,163 loans “with certificates that are secured primarily by newly originated, fixed-rate mortgage loans,” AD Mortgage explained in a press release. The company originated about 90% details ⇒

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