Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries KBRA Assigns Preliminary Ratings to OBX 2024-NQM6 Trust By: Kroll Bond Rating Agency, LLC via Business Wire April 17, 2024 at 14:10 PM EDT KBRA assigns ratings preliminary to seven classes of mortgage-backed notes from OBX 2024-NQM6 Trust, a $441.4 million non-prime RMBS transaction. The underlying collateral, comprising 843 residential mortgages, is characterized by a notable concentration of alternative income documentation (93.5%) loans. Most of the loans are classified as non-qualified mortgages (Non-QM) (53.7%) or exempt (45.3%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to being originated for non-consumer loan purposes. To access rating and relevant documents, click here. Click here to view the report. Related Publications OBX 2024-NQM6 Trust Tear Sheet RMBS KBRA Comparative Analytic Tool (KCAT) Methodologies 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 U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Doc ID: 1003994 View source version on businesswire.com: https://www.businesswire.com/news/home/20240417558899/en/Contacts Analytical Contacts Armine Karajyan, Senior Director, RMBS (Lead Analyst) +1 646-731-1210 armine.karajyan@kbra.com Jules Brunier, Senior Analyst +1 646-731-1209 jules.brunier@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, Managing Director +1 646-731-1308 daniel.stallone@kbra.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
KBRA Assigns Preliminary Ratings to OBX 2024-NQM6 Trust By: Kroll Bond Rating Agency, LLC via Business Wire April 17, 2024 at 14:10 PM EDT KBRA assigns ratings preliminary to seven classes of mortgage-backed notes from OBX 2024-NQM6 Trust, a $441.4 million non-prime RMBS transaction. The underlying collateral, comprising 843 residential mortgages, is characterized by a notable concentration of alternative income documentation (93.5%) loans. Most of the loans are classified as non-qualified mortgages (Non-QM) (53.7%) or exempt (45.3%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to being originated for non-consumer loan purposes. To access rating and relevant documents, click here. Click here to view the report. Related Publications OBX 2024-NQM6 Trust Tear Sheet RMBS KBRA Comparative Analytic Tool (KCAT) Methodologies 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 U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Doc ID: 1003994 View source version on businesswire.com: https://www.businesswire.com/news/home/20240417558899/en/Contacts Analytical Contacts Armine Karajyan, Senior Director, RMBS (Lead Analyst) +1 646-731-1210 armine.karajyan@kbra.com Jules Brunier, Senior Analyst +1 646-731-1209 jules.brunier@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, Managing Director +1 646-731-1308 daniel.stallone@kbra.com
KBRA assigns ratings preliminary to seven classes of mortgage-backed notes from OBX 2024-NQM6 Trust, a $441.4 million non-prime RMBS transaction. The underlying collateral, comprising 843 residential mortgages, is characterized by a notable concentration of alternative income documentation (93.5%) loans. Most of the loans are classified as non-qualified mortgages (Non-QM) (53.7%) or exempt (45.3%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to being originated for non-consumer loan purposes. To access rating and relevant documents, click here. Click here to view the report. Related Publications OBX 2024-NQM6 Trust Tear Sheet RMBS KBRA Comparative Analytic Tool (KCAT) Methodologies 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 U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Doc ID: 1003994 View source version on businesswire.com: https://www.businesswire.com/news/home/20240417558899/en/
Analytical Contacts Armine Karajyan, Senior Director, RMBS (Lead Analyst) +1 646-731-1210 armine.karajyan@kbra.com Jules Brunier, Senior Analyst +1 646-731-1209 jules.brunier@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, Managing Director +1 646-731-1308 daniel.stallone@kbra.com