Mortgage-backed security

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Citi enters non-Qualified Mortgage market

Aug 19, 2019By

Citigroup Global Markets Realty is entering the non-Qualified Mortgage space by issuing its first non-QM mortgage backed security. The company issued its first deal at $362.58 million worth of loans originated by Impac Mortgage Holdings. The group is acquiring non-QM loans from lenders to re-sell in the secondary market, according to a report from DBRS, a credit reporting agency.