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AD Mortgage closes $407.4M sixth securitization of 2026
The ADMT 2026-NQM6 deal pools 1,040 residential loans, with a weighted-average original FICO score of 753 and 69.3% combined loan-to-value.
AD Mortgage has closed its sixth securitization of 2026, ADMT 2026-NQM6, totaling $407.4 million, HousingWire reports. Imperial Fund Asset Management sponsored the transaction, which is the company’s 21st Fitch-rated deal.
The securitization includes 1,040 residential mortgage loans, with AD Mortgage originating 78.63% of the pool and approved correspondent lenders supplying the remaining 21% under AD’s underwriting guidelines. The pool’s weighted average original FICO score is 753, and its weighted average combined loan-to-value ratio is 69.3%.
First-lien loans account for 96.7% of the pool, while second liens make up 3.3%. Under the ability-to-repay rule, 44.9% of loans are exempt, 31.3% qualify as safe-harbor qualified mortgages, 20.1% are classified as non-QM, and 3.7% are QM loans with a rebuttable presumption of compliance.
HousingWire also reports that third-party due diligence was completed for all 1,040 loans with no material findings, and AD Mortgage will service 100% of the loans. The deal uses excess spread and subordination as credit enhancement for the senior certificates.