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KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2026-NQM6 (NRMLT 2026-NQM6)

  • KBRA assigned preliminary ratings to 10 classes of mortgage-backed notes for New Residential Mortgage Loan Trust 2026-NQM6 (NRMLT 2026-NQM6), a $490.1 million non-prime RMBS transaction.
  • The transaction is sponsored by Rithm Capital Corp. (NYSE: RITM), formerly New Residential Investment Corp.
  • NewRez LLC originated 62.7% of the underlying mortgages & will service all loans.
  • The collateral pool consists of 930 residential mortgages seasoned for approximately two months.
  • The pool features a weighted average original credit score of 755, with weighted average original LTV & CLTV both at 71.8%.
  • KBRA utilized its Residential Asset Loss Model (REALM) alongside third-party due diligence, cash flow modeling, & legal structure reviews to determine ratings.
  • Kroll Bond Rating Agency (KBRA) is a registered NRSRO with the SEC & recognized by various global financial authorities.