KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy RITM?
Source: Yahoo Finance
- Transaction Size: KBRA has assigned preliminary ratings to the NRMLT 2026-NQM3 transaction, sponsored by Rithm Capital Corp., which totals $475.8 million, indicating ongoing market demand for non-prime mortgage-backed securities.
- Loan Quality: The pool consists of 884 residential mortgages with a weighted average original credit score of 758 and a weighted average loan-to-value (LTV) ratio of 72.1%, suggesting strong borrower repayment capacity and reduced investment risk.
- Servicer Role: All loans will be serviced by NewRez LLC, which accounts for 57.5% of the loan pool, and its expertise will directly impact loan performance and investor confidence.
- Rating Methodology: KBRA utilized its Residential Asset Loss Model (REALM) for loan-level analysis, incorporating third-party due diligence results and cash flow modeling to ensure the accuracy and transparency of the ratings.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy RITM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on RITM
Wall Street analysts forecast RITM stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 10.570
Low
14.00
Averages
14.92
High
16.00
Current: 10.570
Low
14.00
Averages
14.92
High
16.00
About RITM
Rithm Capital Corp. is a global asset manager focused on real estate, credit and financial services. The Company makes direct investments and operates several wholly-owned operating businesses. Its segments include Origination and Servicing, Investment Portfolio, Residential Transitional Lending and Asset Management. The Company's businesses include Sculptor Capital Management, Inc., an alternative asset manager, as well as Newrez LLC and Genesis Capital LLC, mortgage origination and servicing platforms. Sculptor Capital Management, Inc. provides asset management services and investment products across credit, real estate and multi-strategy platforms through commingled funds, separate accounts and other alternative investment vehicles. Genesis Capital LLC specializes in originating and managing a portfolio of primarily short-term business purpose mortgage loans to fund single-family and multi-family real estate developers with construction, renovation and bridge loans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust
- Transaction Size: KBRA has assigned preliminary ratings to the NRMLT 2026-NQM3 transaction, sponsored by Rithm Capital Corp., which totals $475.8 million, indicating ongoing market demand for non-prime mortgage-backed securities.
- Loan Quality: The pool consists of 884 residential mortgages with a weighted average original credit score of 758 and a weighted average loan-to-value (LTV) ratio of 72.1%, suggesting strong borrower repayment capacity and reduced investment risk.
- Servicer Role: All loans will be serviced by NewRez LLC, which accounts for 57.5% of the loan pool, and its expertise will directly impact loan performance and investor confidence.
- Rating Methodology: KBRA utilized its Residential Asset Loss Model (REALM) for loan-level analysis, incorporating third-party due diligence results and cash flow modeling to ensure the accuracy and transparency of the ratings.
See More
KBRA Assigns Preliminary Ratings to NRMLT 2026-NQM3
- Transaction Size: KBRA has assigned preliminary ratings to NRMLT 2026-NQM3, a $475.8 million non-prime RMBS transaction sponsored by Rithm Capital Corp., indicating ongoing activity in the non-prime RMBS market that is likely to attract investor interest.
- Mortgage Pool Characteristics: The transaction is backed by a pool of 884 residential mortgages with a weighted average original credit score of 758 and both loan-to-value (LTV) and combined LTV (CLTV) at 72.1%, reflecting a high credit quality of borrowers that helps mitigate default risk.
- Rating Methodology: KBRA's rating approach incorporates loan-level analysis through its Residential Asset Loss Model (REALM), alongside third-party due diligence results and cash flow modeling, ensuring the accuracy and reliability of the ratings, which enhances market confidence.
- Servicer Role: All loans will be serviced by NewRez LLC, which accounts for 57.5% of the loan pool, and its professional management capabilities are expected to further enhance the transaction's stability and investor trust.
See More
Rithm Property Trust Announces Q4 and Full Year 2025 Earnings Release Date
- Earnings Release Schedule: Rithm Property Trust will release its fourth quarter and full year 2025 financial results on February 13, 2026, prior to the NYSE opening, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: Management will host a conference call at 8:00 A.M. Eastern Time on the same day to provide detailed insights into the financial results and address investor inquiries, thereby enhancing investor confidence.
- Webcast Pre-registration: The company encourages participants to pre-register for the webcast, providing a link to ensure investors can smoothly access the latest information, reflecting the company's focus on investor experience.
- Telephonic Replay Service: A telephonic replay will be available two hours after the call's completion until 11:59 P.M. Eastern Time on February 20, 2026, offering convenience for investors who cannot attend live, further enhancing information accessibility.
See More
Rithm Capital Reports Record Q4 2025 Earnings and Strategic Growth
- Significant Earnings Growth: Rithm Capital reported earnings available for distribution of $2.35 per diluted share for 2025, reflecting a 12% year-over-year increase, indicating strong performance in asset management and real estate that is likely to attract more investor interest.
- Acquisition-Driven Expansion: The acquisition of Paramount has transformed Rithm Capital's position in the commercial real estate sector, making Paramount the fourth largest office owner in New York City, with a purchase price at a 40% discount to pre-COVID values, enhancing market competitiveness.
- New Business Line Development: The Genesis business originated $4.8 billion in 2025, with earnings up 250%, while NewRez's non-agency originations grew by 147% year-over-year, demonstrating the company's ongoing growth potential in high-demand lending sectors.
- Optimistic Future Outlook: Management forecasts a revenue increase of approximately 10% for NewRez in 2026 and emphasizes a cautious strategy in technology investments and capital allocation to ensure sustainable long-term growth.
See More
KBRA Assigns Preliminary Ratings to NRMLT 2026-NQM2
- Transaction Size: KBRA has assigned preliminary ratings to NRMLT 2026-NQM2, a $508 million non-prime RMBS transaction sponsored by Rithm Capital Corp., indicating increased activity in the non-prime RMBS market that may attract more investor interest.
- Mortgage Pool Characteristics: The transaction is backed by a pool of 882 residential mortgages with a weighted average loan-to-value (LTV) of 72.4%, reflecting relatively high credit quality among borrowers, which could mitigate investment risks.
- Credit Score Analysis: Borrowers in the pool possess a weighted average original credit score of 758, indicating strong overall creditworthiness, which provides confidence to investors and may facilitate the successful issuance of the transaction.
- Rating Methodology: KBRA's rating approach incorporates loan-level analysis through its Residential Asset Loss Model (REALM), alongside third-party due diligence results and cash flow modeling, ensuring accuracy and transparency in ratings, thereby enhancing market trust in the transaction.
See More
Rithm Capital Reports Strong Q4 Earnings, Stock Rises 3.4%
- Earnings Beat: Rithm Capital reported Q4 EPS of $0.74, exceeding analyst expectations of $0.58 and rising from $0.54 in Q3, indicating strengthened profitability and operational momentum.
- Revenue Growth: Q4 revenue reached $1.29 billion, surpassing the consensus estimate of $1.24 billion and increasing from $1.11 billion in the prior quarter, reflecting positive contributions from recent acquisitions of Crestline Management and Paramount Group.
- Asset Management Expansion: As of December 31, 2025, Sculptor Capital's assets under management grew to $38 billion, up from $37 billion as of September 30, 2025, showcasing the firm's ongoing growth and appeal in the asset management sector.
- Rising Expenses: Despite revenue growth, Rithm Capital's expenses increased to $1.17 billion from $938.9 million in Q3, indicating cost pressures associated with business expansion, which may impact future profitability.
See More
KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust
- Transaction Size: KBRA has assigned preliminary ratings to the NRMLT 2026-NQM3 transaction, sponsored by Rithm Capital Corp., which totals $475.8 million, indicating ongoing market demand for non-prime mortgage-backed securities.
- Loan Quality: The pool consists of 884 residential mortgages with a weighted average original credit score of 758 and a weighted average loan-to-value (LTV) ratio of 72.1%, suggesting strong borrower repayment capacity and reduced investment risk.
- Servicer Role: All loans will be serviced by NewRez LLC, which accounts for 57.5% of the loan pool, and its expertise will directly impact loan performance and investor confidence.
- Rating Methodology: KBRA utilized its Residential Asset Loss Model (REALM) for loan-level analysis, incorporating third-party due diligence results and cash flow modeling to ensure the accuracy and transparency of the ratings.
See More
KBRA Assigns Preliminary Ratings to NRMLT 2026-NQM3
- Transaction Size: KBRA has assigned preliminary ratings to NRMLT 2026-NQM3, a $475.8 million non-prime RMBS transaction sponsored by Rithm Capital Corp., indicating ongoing activity in the non-prime RMBS market that is likely to attract investor interest.
- Mortgage Pool Characteristics: The transaction is backed by a pool of 884 residential mortgages with a weighted average original credit score of 758 and both loan-to-value (LTV) and combined LTV (CLTV) at 72.1%, reflecting a high credit quality of borrowers that helps mitigate default risk.
- Rating Methodology: KBRA's rating approach incorporates loan-level analysis through its Residential Asset Loss Model (REALM), alongside third-party due diligence results and cash flow modeling, ensuring the accuracy and reliability of the ratings, which enhances market confidence.
- Servicer Role: All loans will be serviced by NewRez LLC, which accounts for 57.5% of the loan pool, and its professional management capabilities are expected to further enhance the transaction's stability and investor trust.
See More
Rithm Property Trust Announces Q4 and Full Year 2025 Earnings Release Date
- Earnings Release Schedule: Rithm Property Trust will release its fourth quarter and full year 2025 financial results on February 13, 2026, prior to the NYSE opening, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: Management will host a conference call at 8:00 A.M. Eastern Time on the same day to provide detailed insights into the financial results and address investor inquiries, thereby enhancing investor confidence.
- Webcast Pre-registration: The company encourages participants to pre-register for the webcast, providing a link to ensure investors can smoothly access the latest information, reflecting the company's focus on investor experience.
- Telephonic Replay Service: A telephonic replay will be available two hours after the call's completion until 11:59 P.M. Eastern Time on February 20, 2026, offering convenience for investors who cannot attend live, further enhancing information accessibility.
See More
Rithm Capital Reports Record Q4 2025 Earnings and Strategic Growth
- Significant Earnings Growth: Rithm Capital reported earnings available for distribution of $2.35 per diluted share for 2025, reflecting a 12% year-over-year increase, indicating strong performance in asset management and real estate that is likely to attract more investor interest.
- Acquisition-Driven Expansion: The acquisition of Paramount has transformed Rithm Capital's position in the commercial real estate sector, making Paramount the fourth largest office owner in New York City, with a purchase price at a 40% discount to pre-COVID values, enhancing market competitiveness.
- New Business Line Development: The Genesis business originated $4.8 billion in 2025, with earnings up 250%, while NewRez's non-agency originations grew by 147% year-over-year, demonstrating the company's ongoing growth potential in high-demand lending sectors.
- Optimistic Future Outlook: Management forecasts a revenue increase of approximately 10% for NewRez in 2026 and emphasizes a cautious strategy in technology investments and capital allocation to ensure sustainable long-term growth.
See More
KBRA Assigns Preliminary Ratings to NRMLT 2026-NQM2
- Transaction Size: KBRA has assigned preliminary ratings to NRMLT 2026-NQM2, a $508 million non-prime RMBS transaction sponsored by Rithm Capital Corp., indicating increased activity in the non-prime RMBS market that may attract more investor interest.
- Mortgage Pool Characteristics: The transaction is backed by a pool of 882 residential mortgages with a weighted average loan-to-value (LTV) of 72.4%, reflecting relatively high credit quality among borrowers, which could mitigate investment risks.
- Credit Score Analysis: Borrowers in the pool possess a weighted average original credit score of 758, indicating strong overall creditworthiness, which provides confidence to investors and may facilitate the successful issuance of the transaction.
- Rating Methodology: KBRA's rating approach incorporates loan-level analysis through its Residential Asset Loss Model (REALM), alongside third-party due diligence results and cash flow modeling, ensuring accuracy and transparency in ratings, thereby enhancing market trust in the transaction.
See More
Rithm Capital Reports Strong Q4 Earnings, Stock Rises 3.4%
- Earnings Beat: Rithm Capital reported Q4 EPS of $0.74, exceeding analyst expectations of $0.58 and rising from $0.54 in Q3, indicating strengthened profitability and operational momentum.
- Revenue Growth: Q4 revenue reached $1.29 billion, surpassing the consensus estimate of $1.24 billion and increasing from $1.11 billion in the prior quarter, reflecting positive contributions from recent acquisitions of Crestline Management and Paramount Group.
- Asset Management Expansion: As of December 31, 2025, Sculptor Capital's assets under management grew to $38 billion, up from $37 billion as of September 30, 2025, showcasing the firm's ongoing growth and appeal in the asset management sector.
- Rising Expenses: Despite revenue growth, Rithm Capital's expenses increased to $1.17 billion from $938.9 million in Q3, indicating cost pressures associated with business expansion, which may impact future profitability.
See More
