KBRA assigns ratings to $502.1 million non-prime RMBS from NRMLT 2026-NQM1 sponsored by Rithm Capital Corp.
In New York, KBRA has assigned preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2026-NQM1 (NRMLT 2026-NQM1), valued at $502.1 million. This transaction is a non-prime RMBS sponsored by Rithm Capital Corp. (formerly New Residential Investment Corp.), a publicly traded real estate investment trust (NYSE: RITM). The majority of the underlying mortgages (52.6%) were originated by NewRez LLC, with the rest (27.4%) coming from Caliber Home Loans Inc, LLC.
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