KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2026-NQM11 (NRMLT 2026-NQM11)
Business Wire•04/11/2026•12:08 ET
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Key Highlights
- ➤KBRA assigns preliminary ratings to 10 classes of NRMLT 2026-NQM11 notes
- ➤$497.2 million non-prime RMBS transaction sponsored by Rithm Capital Corp. (RITM)
- ➤Pool contains 870 residential mortgages seasoned approximately three months
- ➤NewRez originated 66.5% and Cake Mortgage originated 33.5% of mortgages
- ➤Shellpoint Mortgage Servicing will service all loans in the transaction
KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2026-NQM11 (NRMLT 2026-NQM11)
KBRA assigns preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2026-NQM11 (NRMLT 2026-NQM11), a $497.2 million non-prime RMBS transaction sponsored by Rithm Capital Corp. (formerly New Residential Investment Corp.), a publicly traded (NYSE: RITM) real estate investment trust (REIT). The underlying mortgages in the subject pool were originated by NewRez LLC (66.5%) and Cake Mortgage Corp (33.5%). In addition, all loans will be serviced by Shellpoint Mortgage Servicing, a brand and affiliate of NewRez LLC.
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