Radian Mortgage Capital launches inaugural $349M private-label prime jumbo RMBS securitization

RADIAN GROUP INC

Radian Mortgage Capital LLC expects to sell ~$349M of residential mortgages to a newly-formed depositor subsidiary.
The issuing entity will issue ~$349M of unregistered RMBS to capital markets investors, expected close Q3 2024.
This is RMC's first private label prime jumbo securitization, expanding its capital markets distribution channel.
RMC and its affiliates (excluding mortgage insurers) may hold an interest in the RMBS on the closing date.

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