KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2024-NQM1 (NRMLT 2024-NQM1)
NRMLT 2024-NQM1 is collateralized by a pool of 610 residential mortgages. Borrowers in NRMLT 2024-NQM1 possess a non-zero WA original credit score of 739 and exhibit a weighted average (WA) original loan-to-value (LTV) and a WA combined LTV (CLTV) of
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Click here to view the report.
Related Publications
Methodologies
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RMBS:
U.S. RMBS Rating Methodology - Structured Finance: Global Structured Finance Counterparty Methodology
- ESG Global Rating Methodology
Disclosures
Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.
A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.
Information on the meaning of each rating category can be located here.
Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.
About KBRA
Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the
Doc ID: 1003294
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Analytical Contacts
Armine Karajyan, Senior Director, RMBS (Lead Analyst)
+1 646-731-1210
armine.karajyan@kbra.com
Genki Ono, Analyst
+1 646-731-1415
genki.ono@kbra.com
Abou Traore, Associate
+1 646-731-1258
abou.traore@kbra.com
Jack Kahan, Senior Managing Director, Head of Global RMBS (Rating Committee Chair)
+1 646-731-2486
jack.kahan@kbra.com
Business Development Contact
Daniel Stallone, Senior Director
+1 646-731-1308
daniel.stallone@kbra.com
Source: Kroll Bond Rating Agency, LLC