Ellington lines up non-QM securitization
Ellington Financial is planning to issue a new RMBS deal backed by non-qualifying mortgages in the ‘near future’, as well as a second CLO transaction, with the firm looking to use securitization to fuel portfolio growth.
The firm has tapped the capital markets twice already this year to help grow its credit portfolio, selling an $86m senior unsecured bond in the third quarter as well as completing its first CLO transaction earlier in the year.
The five year bond carried a 5.25% interest rate
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