Imperial Fund in the News

Canyon Partners has announced a strategic partnership with A&D Mortgage, a U.S. wholesale non-agency lender, and Imperial Fund Asset Management, an asset manager specializing in residential mortgage credit. As part of the collaboration, Canyon will invest $250 million, enabling A&D and Imperial to execute approximately $5 billion in non-agency mortgage-backed securitizations over the coming quarters.

Florida-based wholesale lender A&D Mortgage has secured a $250 million capital commitment from alternative asset manager Canyon Partners to support the securitization of non-agency mortgages, the companies announced Monday.

Canyon Partners ("Canyon"), a $28 billion global alternative investment manager, today announced a strategic partnership with A&D Mortgage ("A&D"), one of the largest wholesale non-agency lenders in the U.S., and Imperial Fund Asset Management ("Imperial"), an asset manager specializing in residential mortgages. As part of this collaboration, Canyon will commit $250 million, which will be used by A&D and Imperial to enable approximately $5 billion of non-agency securitizations, leveraging Imperial's expertise in structuring and executing these transactions with mortgage collateral originated and serviced by A&D

Pending home sales decreased 0.8% in June compared with May and were down 2.8% compared with June 2024, according to the National Association of Realtors (NAR). Month-over-month and year-over-year pending sales declined in the Midwest, South and West. In the Northeast, pending sales increased month-over-month but remained flat year-over-year.

"I can add that the minute GSEs tightened, we got more business," added Max Slyusarchuk, managing director of Imperial Fund Asset Management and CEO of affiliated lender A&D Mortgage, in reference to previous cycles. "And the quality of non-QM increases."

The $426.67 million transaction marks the 25th issued with A&D-originated collateral and is the 16th to feature collateral originated and serviced by A&D under the Imperial Fund Asset Management platform. A&D noted the securitization, which was backed by 1,136 newly originated loans, highlights growth in the Non-QM market.

The deal, which was done in conjunction with Bob Diamond’s Atlas Merchant Capital and Imperial Fund, marks A&D’s 25th securitization issued with A&D-originated collateral. And it is the 16th transaction to be rated by Fitch featuring collateral originated and serviced by A&D under the Imperial Fund Asset Management platform.

​”The best-case scenario for mortgage rates is to hover just above the 6% mark for the next two years,” agreed Victor Kuznetsov, Co-Founder and Managing Director of Imperial Fund Asset Management. “The average American household has adopted a wait-and-see strategy regarding mortgage rates, as they also seek to reduce their monthly consumer spending, amid current economic uncertainty. The good news is that employment and home prices remain strong, so families will be in a better position to buy or refinance a home in the coming months, especially if rates dip below 6%.”

"The best-case scenario for mortgage rates is to hover just above the 6% mark for the next two years," said Victor Kuznetsov, Imperial Fund Asset Management co-founder and managing director.

“The best-case scenario for mortgage rates is to hover just above the 6% mark for the next two years,” noted Victor Kuznetsov, Co-Founder and Managing Director of Imperial Fund Asset Management.

Victor Kuznetsov, managing director of Imperial Fund Asset Management, indicated that mortgage rates will not change significantly in the foreseeable future. He said the “best-case scenario” is for rates to hover around 6% for the next two years.

"Aspirational purchases like spending too much on a brand new car, when used cars represent better values but carry less of a 'wow' factor, should definitely be avoided," says Yuri Nosenko, wealth advisor at Imperial Fund Asset Management.