Completes Non-QM Securitization
Summary
--(BUSINESS WIRE)--Apr. 29, 2024-- (NYSE: EFC) (the "Company") today announced the closing of a securitization backed by a pool of non-qualified residential mortgage (non-QM) loans. contributed approximately 64% of the loans included in the securitization, with the remainder contributed by funds managed byThe debt tranches issued in the securitization were rated by S&P, with the senior-most tranches receiving (sf) ratings. The Company retained certain tranches of the securitization in compliance with credit risk retention rules, and also retained the option to call the securitization at any time following the optional redemption date.invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. is externally managed and advised by , an affiliate of