v3.26.1
Securitization Transactions (Tables)
6 Months Ended
Jun. 30, 2026
Securitization Transactions [Abstract]  
Schedule of Residential Loan Securitizations - Non Consolidated
The following table provides details on non-consolidated residential mortgage loan securitizations in which the Company participated during the six-month periods ended June 30, 2026 and 2025:
Issuing Entity
Risk Retention(1)
Closing DatePrincipal Balance of Loans Sold By the Company
Principal Balance of Loans Sold By the Securitization Co-Participants
Total Face Amount of Certificates Issued
(In thousands)
EFMT 2025-NQM1Vertical1/25$193,569 $76,063 $269,632 
EFMT 2025-CES1Exempt2/25185,273 83,629 268,902 
EFMT 2025-INV1Vertical2/25148,189 111,518 259,707 
EFMT 2025-CES2Vertical3/25166,527 123,589 290,116 
EFMT 2025-INV2Vertical5/25196,961 148,827 345,788 
EFMT 2025-CES3Vertical6/25169,882 111,147 281,029 
EFMT 2025-NQM2Vertical6/25182,020 100,752 282,772 
EFMT 2026-CES1Exempt1/2685,274 136,540 221,814 
EFMT 2026-AE1(2)
Vertical2/26231,322 94,418 325,740 
EFMT 2026-NQM1Vertical2/26478,683 88,006 566,689 
EFMT 2026-INV2Vertical2/26295,007 114,135 409,142 
EFMT 2026-NQM3Vertical3/26301,760 206,741 508,501 
EFMT 2026-NQM4Vertical4/26356,661 190,137 546,798 
EFMT 2026-AE2(2)
Vertical4/26254,867 94,173 349,040 
EFMT 2026-AE3(2)
Vertical5/26188,357 149,588 337,945 
EFMT 2026-NQM5Vertical5/26401,303 102,855 504,158 
EFMT 2026-AE4(2)
Vertical6/26141,884 143,876 285,760 
EFMT 2026-NQM6Vertical6/26338,889 151,160 490,049 
EFMT 2026-CES2Vertical6/26186,950 181,583 368,533 
(1)"Exempt" indicates the securitization was exempt from the Risk Retention Rules as all contributed loans were "qualified" mortgage loans. For the securitizations for which the Sponsor is required to comply with the Risk Retention Rules, the Participated Risk Retention Vehicle purchased either the requisite amount of the most subordinated classes of Certificates ("Horizontal" risk retention), or a percentage of each of the classes of Certificates issued by the respective Issuing Entities ("Vertical" risk retention).
(2)In addition to its contribution of Agency-eligible loans, the Company also paid $36.4 million in cash to the Sponsors.
Schedule of Reverse Mortgage Loan Securitizations
The following table provides additional details for the Company's consolidated Reverse Mortgage Securitizations closed during the six-month periods ended June 30, 2026 and 2025:
RM Issuing EntityClosing DatePrincipal Balance of Loans Transferred to the Depositor
Total Face
Amount of RM Notes Issued(1)
(In thousands)
EFMT 2025-RM15/25198,359 242,700 
EFMT 2026-RM12/26223,023 260,440 
EFMT 2026-RM25/26229,422 229,422 274,450 
EFMT 2026-RM36/26151,182 183,220 
(1)The RM Sponsor purchased various classes of RM Notes issued by each RM Issuing Entity in order to comply with the Risk Retention Rules.
Schedule of Residential Loan Securitizations - Co-Sponsor
The following table summarizes the Co-Sponsored Securitizations in which the Company participated during the six-month periods ended June 30, 2026 and 2025:
Issuing EntityClosing DateTotal Face Amount of Certificates Issued
(In thousands)
RCKT MORTGAGE TRUST 2025-CES11/25$535,777 
RCKT MORTGAGE TRUST 2025-CES44/25500,318 
RCKT MORTGAGE TRUST 2025-CES55/25502,665 
RCKT MORTGAGE TRUST 2026-CES66/26706,046