KBRA Assigns Preliminary Ratings to OBX 2026-NQM5 Trust

AI Briefing

• – KBRA assigns preliminary ratings to 14 classes of mortgage-backed notes from OBX 2026-NQM5 Trust, a $876.5 million non-prime RMBS transaction.
• – The underlying collateral consists of 1,688 residential mortgages with 94.0% fixed-rate and 6.0% hybrid adjustable-rate mortgages.
• – The transaction is KBRA's 14th non-prime RMBS deal of 2023.