Rithm Capital announced this week the closing of a $504 million securitization backed by nonqualified mortgages (non-QMs) serviced by its subsidiary Newrez, along with the issuance of $500 million in debt. 

In 2025, Rithm closed three securitizations of non-QM loans — a product that has gained popularity amid a challenging mortgage market. Non-QM loans are for borrowers who do not have traditional income sources, such as self-employed individuals, freelancers and gig workers. In total, the company has issued 23 deals with $7.7 billion in unpaid principal balance.

The latest issuance consists of 1,039 residential mortgages, with details ⇒

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