Rithm Capital (US:RITM) Businesswire·2026-01-14 20:43Group 1 - KBRA has assigned preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2026-NQM1, a $502.1 million non-prime RMBS transaction sponsored by Rithm Capital Corp [1] - The underlying mortgages in the pool were primarily originated by NewRez LLC (52.6%) and Caliber Home Loans Inc, LLC (27.4%), with all loans serviced by NewRez LLC [1] - NRMLT 2026-NQM1 is collateralized by a pool of 1,014 residential mortgages, with 31.7% originally securitized in NRMLT 2022-NQM5, which has been called [2] Group 2 - Borrowers in NRMLT 2026-NQM1 have a weighted average original credit score of 758, a weighted average original loan-to-value (LTV) of 72.2%, and a weighted average combined LTV (CLTV) of 72.2% [2] - The loans are seasoned approximately 15 months, with 31.7% of the pool seasoned over 2 years [2] Group 3 - KBRA's rating approach included loan-level analysis through its Residential Asset Loss Model (REALM), third-party loan file due diligence, cash flow modeling analysis, and reviews of key transaction parties [3] - The assessment also involved an evaluation of the transaction's legal structure and documentation [3]