New Residential Investment started acquiring single-family rental properties in 2019, and now has enough holdings to complete its first securitization in the sector.

Non-QM warehouse securitization from Credit Suisse; HALO completes $450 million capital raise for rent-to-own platform; Milo launches wholesale lending for foreign national borrowers; Angel Oak restarts foreign national program; Redwood teams up with Frontiers Capital on venture investing effort.

The $500 million deal allows financing of non-QMs. Moody’s placed a preliminary A1 rating on the deal, while it typically gives a AAA rating on warehouse funding securitizations that focus on GSE-eligible loans.

An affiliate of Fortress Investment Group is set to issue its first single-family rental securitization.

The company’s $450 million issuance has a 30-month term and is backed by houses purchased directly from homeowners.

After a billion-dollar event, lenders are significantly more likely to increase the share of mortgages they securitize.