newsfilter
← Latest News
Business Wire·

KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2026-NQM2 (NRMLT 2026-NQM2)

  • KBRA assigned preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2026-NQM2 (NRMLT 2026-NQM2).
  • The $508.0 million non-prime RMBS transaction is sponsored by Rithm Capital Corp. (NYSE: RITM).
  • NewRez LLC originated 67.6% of the underlying mortgages & serves all loans in the pool.
  • The collateral consists of 882 residential mortgages that are approximately two months seasoned.
  • Borrowers have a weighted average original credit score of 758.
  • The weighted average original loan-to-value (LTV) is 72.4%, with a combined LTV (CLTV) also at 72.4%.
  • KBRA utilized its Residential Asset Loss Model (REALM), third-party due diligence, cash flow modeling, legal structure reviews, & assessments of transaction parties.
  • Full rating reports, methodologies, & disclosures are available via KBRA's official channels & the referenced Information Disclosure Forms.