Oaktree Capital Securitizes $416M of Non-QM Mortgages With Partner Citadel Servicing
A valued business partner of Citadel Servicing Corporation, Oaktree Capital Management, has issued its second rated securitization totaling $416,619,599 of non-QM mortgages via the Bunker Hill Loan Depositary shelf. Citadel has contributed loans totaling 21.81 percent of the deal value or $90,871,563 notional. Furthermore, Citadel will continue to support this transaction as a mortgage servicer.
“Citadel Servicing has and will continue to be an industry leader in the non-QM/non-prime niche,” said Kyle Gunderlock, president and chief operating officer of Citadel Servicing Corporation. “With a servicing portfolio of $3 billion and over 11,500 loans originated since 2011, CSC will continue to innovate and lead in the growth of this important mortgage market segment.”
Source: National Professional Magazine