Alston & Bird advised Radian Mortgage Capital (RMC) on closing its inaugural $348.9 million 2024-J1 securitization of prime jumbo residential real estate loans. RMC was formed to provide residential mortgage lenders with an additional secondary-market option for high-quality loans and to provide mortgage investors with a trusted, high-quality sponsor. Consistent with Radian’s stated strategy, RMC expands the company’s capabilities to participate in the mortgage market to aggregate, manage, and distribute residential mortgage credit risk.
Representing Radian Mortgage Capital was an Alston & Bird team led by partner Kristen Truver and counsel Robin Boucard; counsel Charlene Yin, senior associate Ashley Kennedy, and associates Krishna Pathak, Donald Gallino, Shazell Archer, Lydia Balestra, and Michael McEvoy and paralegals Sam Velleca, Nicholas Pandullo, and Kate Gabrielson (Structured & Warehouse Finance); partner Clay Littlefield (Federal & International Tax); partner Steve Ornstein (Financial Services); partners Jacob Johnson and Stephen Blank (Financial Restructuring & Reorganization); and partners Blake MacKay and Meredith Gage (Employee Benefits & Executive Compensation).