Rithm Capital Mortgage Trust Secures Preliminary Ratings

Snack-Sized Version:

KBRA has assigned new ratings to Rithm Capital’s latest mortgage deal, showing that Rithm remains active in the market. On November 19, 2025, KBRA gave initial ratings to a $494.4 million bond deal backed by 985 mortgages. This transaction highlights Rithm’s ability to effectively package and fund mortgage assets. Rithm Capital Press Releases.

Read the Full Meal:

Rithm Capital Corp (NYSE:RITM) continues to leverage its securitization capabilities to finance its mortgage portfolio, with the recent NRMLT 2025-NQM6 transaction receiving positive preliminary ratings. The deal involves nearly $500 million in non-qualified mortgage (Non-QM) loans, a segment where Rithm’s subsidiaries have significant origination expertise. KBRA’s assignment of ratings facilitates the sale of these securities to investors, recycling capital back into the business. This transaction aligns with Rithm’s strategy of being an asset manager with strong operating platforms. Rithm Capital Investor Relations.

Capital Strategy

• Capital allocation: Securitization is a key tool for liquidity management.
• Growth drivers: Expansion of the Genesis Capital and Newrez origination channels.
• Margins: Net interest margin benefits from efficient financing execution.
• Risks: Credit performance of non-prime borrowers in a slowing economy.

Quick links

• • Official source: Rithm Capital News
  • IR hub: events and presentations · filings
  • Our coverage: Rithm Capital Corp News Hub

Why this can matter for RITM holders

• Continuity: Regular securitization issuance proves the market’s appetite for Rithm’s assets.
• Cycle timing: Locking in financing now protects against potential future volatility.
• Multiple support: Successful execution supports the book value and dividend stability.

What to watch next

1. Official filing: Check the 8-K or prospectus for final pricing terms.
2. Next event: Q4 Earnings Call anticipated in February 2026.
3. Board, governance, or roadmap: Updates on the spin-off or restructuring of asset management units.

Mini FAQ

What is the deal size?
The securitization is backed by approximately $494.4 million in loans.

What are Non-QM loans?
They are mortgages that do not fit the strict criteria of government-backed loans.