KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2026-NQM11 (NRMLT 2026-NQM11)
KBRA assigned preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2026-NQM11, a $497.2 million non-prime RMBS transaction sponsored by Rithm Capital Corp. (NYSE: RITM). The pool comprises 870 seasoned residential mortgages with a weighted average original credit score of 752 and WA LTV/CLTV of 72.4%, originated by NewRez LLC (66.5%) and Cake Mortgage Corp (33.5%), with servicing by Shellpoint Mortgage Servicing.
Key figures
- Deal Value Usd
- 497200000
- Wa ltv
- 72.4%
- Wa cltv
- 72.4%
- Rated classes
- 10
- Wa credit score
- 752
- Seasoning months
- 3
- Mortgage pool count
- 870
- Cake origination share
- 33.5%
- Newrez origination share
- 66.5%
AI analysis
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