Onslow Bay Funding LLC has taken a significant step in enhancing transparency within the asset-backed securities market by filing a report detailing findings from third-party due diligence on residential mortgage loans. This filing, submitted on October 29, 2026, is crucial for stakeholders as it reflects the company's commitment to maintaining rigorous standards in its operations.

The report, filed under the ABS-15G form, includes findings and conclusions from a due diligence provider, AMC Diligence, LLC. This due diligence was conducted on a total of 303 mortgage loans, amounting to an aggregate original principal balance of approximately $143.214 million. The review covered loans originated from April 2022 to August 2026, indicating a comprehensive assessment of recent mortgage activity.

Background

Onslow Bay Funding LLC operates within the asset-backed securities sector, classified under SIC 6189. The company is incorporated in Delaware and is based in Winston-Salem, North Carolina. It has been active in filing reports related to asset-backed securities, with its most recent filings including multiple ABS-15G forms throughout October 2026.

What the Filing Says

The filing states, "The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibits to this Form ABS-15G." This indicates that the report includes comprehensive details about the due diligence conducted, which is essential for maintaining investor confidence in the underlying assets of the securities.

Impact

This filing may have a notable impact on various stakeholders, including investors, lenders, and other entities involved in the asset-backed securities market. By providing detailed due diligence findings, Onslow Bay Funding aims to bolster investor confidence and ensure compliance with regulatory requirements. The emphasis on transparency may also encourage other companies in the industry to adopt similar practices.

What's Next

The filing does not specify what happens next, but the ongoing scrutiny and diligence in the asset-backed securities market will likely continue as companies strive to maintain transparency and investor trust.

Source: SEC Accession Number 0001213900-26-113859