DJIA52093.11 -328.09
S&P 5007585.73 -34.25
NASDAQ25981.57 -204.84
Russell 20002870.29 -21.95
German DAX25402.28 -38.53
FTSE 10010658.13 -39.44
CAC 408090.28 -27.50
EuroStoxx 506238.10 -37.15
Nikkei 22563923.00 438.90
Hang Seng24667.24 -250.36
Shanghai Comp3864.28 -21.05
KOSPI6717.97 90.71
Bloomberg Comm IDX147.27 2.07
WTI Crude-fut102.70 -0.23
Brent Crude-fut103.98 -1.47
Natural Gas2.92 -0.02
Gasoline-fut3.42 -0.05
Gold-fut4375.00 37.00
Silver-fut65.00 0.71
Platinum-fut1783.40 -2.20
Palladium-fut1319.50 3.50
Copper-fut6.48 0.01
Aluminum-spot3195.00 0.00
Coffee-fut284.00 0.65
Soybeans-fut1331.25 12.00
Wheat-fut733.25 5.50
Bitcoin75870.38 285.10
Ethereum USD2402.55 6.91
Litecoin50.90 -0.33
Dogecoin0.08 0.00
EUR/USD1.1544 0.0000
USD/JPY155.04 0.58
GBP/USD1.3482 -0.0007
USD/CHF0.8190 0.0018
USD IDX99.63 0.01
US 10-Yr TR4.994 -0.002
GER 10-Yr TR3.5426 0.0069
UK 10-Yr TR5.3577 -0.0342
JAP 10-Yr TR2.997 -0.004
Fed Funds3.75 0
SOFR3.62 0
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Real Estate  |  May 30, 2025
Hildene Capital Closes $453.9M Non-QM Securitization, Expanding 2025 Issuance to $1.8B 
Joe Palmisano
By: Joe Palmisano

Hildene Capital Closes $453.9M Non-QM Securitization, Expanding 2025 Issuance to $1.8B 

Hildene Capital Management, LLC announced the close of CROSS 2025-H4, a $453.9 million securitization backed by a pool of non-qualified residential mortgage (non-QM) loans originated through Hildene’s relationship with CrossCountry Mortgage (CCM), a U.S. retail residential mortgage originator. 

CROSS 2025-H4 is collateralized by a pool of 895 residential mortgages, with a weighted average FICO score of 748 and a loan-to-value (LTV) of 70.25. The deal was rated by Fitch and Kroll, with 99.5% of loans rated investment grade AAA through B. Goldman Sachs & Co. LLC structured the deal with J.P. Morgan acting as joint lead. 

“The completion of our latest securitization underscores our differentiated approach to asset-based credit, rooted in our relationship with CCM that provides scalable access to high-credit-quality non-QM loan origination,” said Justin Gregory, portfolio manager at Hildene. 

The completion of CROSS 2025-H4 is Hildene’s fourth non-QM transaction of 2025, totaling $1.8 billion in issuance year to date. The firm’s previous transactions this year included:  

CROSS 2025-H1: $511.5 million securitization backed by a pool of 987 non-qualified residential mortgage loans, completed in January. 

CROSS 2025-H2: $426.8 million securitization backed by a pool of 860 non-qualified residential mortgage loans, completed in March. 

CROSS 2025-H3: $413.4 million securitization backed by a pool of 830 non-qualified residential mortgage loans in April. 

Since 2022, the $17 billion Stamford, CT-based credit-focused alternative asset manager has issued approximately $5.4 billion of non-QM securitizations across 14 deals.  

Connect

Inside The Story

Hildene Capital Management

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints