Onslow Bay is making its debut in the securitization market with $231 million of bonds backed by mortgage loans the real estate investment trust acquired from several lenders, according to Standard & Poor's.

Onslow Bay is owned by Hatteras Financial and was founded in 2013. It purchases only prime jumbo loans that qualify under the ability-to-repay rule. When the loans acquired, servicing transferred is to Specialized Loan Servicing.

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