Nomura Corporate Funding is planning a $440.081 million jumbo residential mortgage-backed securitization called NRP Mortgage Trust 2013-1, according to a Kroll Bond Ratings Agency presale report.

NRPMT 2013-1 has the highest geographical concentration of any RMBS deal post-crisis, according to KBRA. Approximately 74% of the mortgages in the collateral pool are on properties located in California and the top three states make up 94.4%.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.