A letter last week from Senate Republicans bolstered the Structured Finance Association’s push for banking regulators to reassess the punitive weighting of the p-factor in securitization as part of a planned re-proposal of the Basel Endgame rule.

The $274.5 million issuance of residential transition loans was oversubscribed nearly five times.

The securitization rate for residential mortgages came down after reaching an elevated level in the first quarter of 2025. The rate declined for both GSE-eligible mortgages and non-agency loans during the second quarter. (Includes data table.)

The practice can be used to help boost transparency and accelerate settlements, according to industry experts.

Both lenders’ inaugural deals were oversubscribed, helping to diversify the companies’ capital sources.

Knock has issued a $100 million bond backed exclusively by bridge loan products.

Figure Lending issued a securitization of home equity lines of credit this week with AG Mortgage Investment Trust acting as the retaining sponsor, a once uncommon practice in the non-agency market that’s gaining traction.

Palisades Group issued a $112.1 million securitization on June 30 that included home equity investment assets from multiple companies, a first for the growing sector.

The Seattle-based mortgage fintech has issued a $150 million securitization backed by residential transition loans and launched an artificial intelligence-powered data suite.

A successful partnership between an investor and an originator comes down to reliability and consistency, speakers at the Non-QM Forum last week said.