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RMBS Deal of the Year — Nomura

RMBS deals of the year are often innovative in one form or another. But they typically only boast one or perhaps two fresh features. Investors looking at the Nomura-led Cascade Funding Mortgage Trust 2020-AB1 had to use both hands to count the structural innovations. The $285.8m reverse mortgage transaction from Waterfall Asset Management was the clear winner in 2020, impressing investors, analysts and other issuers with its groundbreaking structure.
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