AD Mortgage Announces $407 Million Non-QM Securitization
AD Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), announced AD Mortgage Trust 2026-NQM6 (ADMT 2026-NQM6), the company’s sixth securitization of 2026. The $407.4 million transaction represents the platform’s 34th securitization and the 21st ADMT deal rated by Fitch Ratings. The transaction was sponsored by Imperial Fund Asset Management, the sole securitization platform for AD Mortgage collateral.
The underlying collateral pool consists of 1,040 residential mortgages with an aggregate balance of $407,455,823 as of the cut-off date. AD Mortgage LLC originated 78.63% of the loans directly, with the remaining 21.37% originated by approved correspondent lenders that underwrote to AD Mortgage’s guidelines. The pool reflects a strong borrower profile, including a weighted average original FICO score of 753, and a weighted average combined loan-to-value (CLTV) ratio of 69.3%.
First-lien loans account for 96.7% of the pool and second liens for the remaining 3.3%. Measured against the ability-to-repay rule, 44.9% of the loans are exempt, 31.3% qualify as safe-harbor QM, 20.1% are designated non-QM, and 3.7% are QM rebuttable presumption loans. Most were underwritten to 12- to 24-month bank statement or DSCR guidelines. Third-party due diligence was completed on 100% of the loans by loan count with no material findings.
“Reaching our 21st Fitch-rated transaction says as much about consistency as it does about volume,” said Dmitri Batsev, Managing Director at Imperial Fund Asset Management. “Investors know what an ADMT pool looks like when it comes to market, and the borrower profile behind ADMT 2026-NQM6 is squarely in line with what we have delivered all year. Completing third-party due diligence on every loan in the pool is part of the same discipline, and it continues to support the depth of institutional demand we see in each offering.”
This transaction follows AD Mortgage’s $432.4 million ADMT 2026-NQM5 deal, priced in July, and continues the company’s track record of bringing well-structured non-QM product to market with a consistent cadence throughout 2026.
Key Highlights of ADMT 2026-NQM6
* Transaction Volume: $407,455,823.88
* Loan Count: 1,040
* Largest State Concentration (Florida): 24.86%
* Loan Origination: All loans originated by A&D Mortgage or its qualified correspondents
* Average Borrower Credit Score: 753
* Weighted Average Combined Loan-to-Value (CLTV): 69.38%
* Credit Enhancement: Excess spread and subordination to protect senior certificates
* Servicer: 100% A&D Mortgage LLC
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