Non-prime U.S. residential mortgage pool secures $283.64M Santander notes
By: Robin Arnfield | Published: 2025-07-02 19:28:00 | Source: www.nationalmortgagenews.com
Santander Bank is sponsoring the issue of its third non-qualified mortgage (non-QM)/investor loan securitization this year. The bank is a mortgage loan aggregator that predominantly focuses on non-agency loan aggregation and securitization.
The Santander Mortgage Asset Receivable Trust 2025-NQM3 will issue notes totalling $283.64 million. The sponsor and seller is Santander Bank, the depositor is Santander Mortgage Asset Dispositor, and the trustee is Citibank.
The loans’ main originators are HomeXpress Mortgage Corp. and OCMBC (LoanStream). The primary servicer is Selene Finance, the special servicer is Fay Servicing, and the master servicer is NewRez.
The notes are backed by first-lien, fixed- and adjustable-rate, fully amortizing residential mortgage loans, some with interest-only…
