Rithm Capital (US:RITM) Businesswire·2026-02-03 17:46Core Viewpoint - KBRA has assigned preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2026-NQM2, a $508.0 million non-prime RMBS transaction sponsored by Rithm Capital Corp [1] Group 1: Transaction Overview - NRMLT 2026-NQM2 is collateralized by a pool of 882 residential mortgages, which have been seasoned for approximately two months [2] - The borrowers in NRMLT 2026-NQM2 have a weighted average original credit score of 758, with a weighted average original loan-to-value (LTV) of 72.4% and a weighted average combined LTV (CLTV) of 72.4% [2] Group 2: Rating Methodology - KBRA's rating approach involved a loan-level analysis of the mortgage pool using its Residential Asset Loss Model (REALM), third-party loan file due diligence, cash flow modeling analysis, and reviews of key transaction parties [3]