Rithm Capital Closes $504 Million Non-QM Loan Securitization
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")), a global, multi-dimensional asset manager with deep experience investing in real estate and credit, today announced the close of NRMLT 2025-NQM3, a $504 million securitization backed by a pool of non-qualified residential mortgage ("Non-QM") loans. The loans are serviced by Rithm's subsidiary, Newrez LLC, one of the largest mortgage servicers in the US.
NRMLT 2025-NQM3 is collateralized by a pool of 1,039 residential mortgages with a weighted average credit score of 750 and a loan-to-value ("LTV") of 70.06. The deal was rated by S&P and KBRA with tranches rated AAA through B. Barclays structured the deal and acted as joint bookrunner alongside BMO Capital Markets, Deutsche Bank Securities, Goldman Sachs, Morgan Stanley, Nomura, and Wells Fargo.
"The successful close of our latest securitization demonstrates our differentiated approach to asset-based credit, the scale of our residential mortgage origination and servicing platform, and strength of our portfolio – all of which are rooted in our synergies with Newrez," said Sanjeev Khanna, Managing Director at Rithm Capital. "We look forward to continuing to grow our platform and deliver high-quality, risk-adjusted opportunities for our investors."
Rithm is a leading Non-QM issuer, with approximately $7.7 billion unpaid principal balance issued across 23 deals. NRMLT 2025-NQM3 marks Rithm's third Non-QM transaction in 2025.
About Rithm Capital
Rithm Capital Corp. is a global, multi-dimensional asset manager with significant experience managing credit and real estate assets through various cycles. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across debt markets. Rithm's integrated platform spans structured credit, residential and commercial lending, and mortgage servicing rights (MSRs). Through subsidiaries such as Newrez, Genesis Capital, Sculptor Capital Management, and Adoor, Rithm has established a unique owner-operator servicing model, capable of sourcing, acquiring, underwriting, securitizing, and actively managing loans and securities, to drive value across private and public markets.
Since inception in 2013, Rithm has delivered approximately $5.6 billion in dividends to shareholders. The Company is headquartered in New York City.
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