Popular on EntSun
- Purple Heart Recipient Honored by Hall of Fame Son In Viral Tribute Sparking National Conversation on Service Fatherhood, Healing and Legacy - 194
- Amicly Launches as a Safety-First Social App Designed to Help People Build Real, Meaningful Friendships - 156
- Fritz Coleman's Show "Unassisted Residency" Begins Third Year at El Portal Theatre - 139
- Actor Phillip Steward Featured on The Industry Podcast with James Winborn - 139
- iPOP Alum Jacob Batalon Stars in Amazon Prime's "The Wrecking Crew" - 139
- DJ Rad Talks Strategy, Survival & Success with Wealth Strategy Media - First Voice in 50 Cent Doc - 134
- Primeindexer Google indexing platform launched by SEO Danmark APS - 128
- A Celebration of Visibility, Voice and Excellence: The 57th NAACP Image Awards Golf Invitational, Presented by Wells Fargo, A PGD Global Production - 128
- VENUS Goes Live on CATEX Exchange As UK Financial Ltd Activates The Premier Division Of The Maya Meme's League - 125
- Elder Abuse Case Against Healthy Traditions Owner Raises Questions As To The Dire Reality Of Abuse Against The Last Of The Baby Boomers - 120
Similar on EntSun
- Award-Winning REALTOR® Paige Coker Joins Corcoran DeRonja Real Estate
- TicTac Group acquires French EdTech company Distrisoft
- Newborn Care Network Introduces Clinical Standard to Bridge the Six-Week Postpartum Gap
- The AAA Metamorphosis: How Global Gaming Is Redefining Production Standards
- Monexplora Explains the Options Mechanics Behind March's Tech Selloff and VIX Surge
- EFA Announces 2026 Editorial Rate Chart
- AI Disruption Meets Marine Scale: Off The Hook YS, Inc. (N Y S E American: OTH) Targets Breakout Growth with NextBoat Launch and Aggressive Expansion
- Targeting the Billion-Dollar U.S. Countermeasure Market With AI-Driven Biodefense Platform: Lunai Bioworks (N A S D A Q: LNAI)
- New Global Standard for Transparency Across Critical Resources and Energy Markets: SMX (Security Matters) PLC (N A S D A Q: SMX)
- Surging Into High-Performance AI With $AMD Partnership, Patent Expansion, and Strengthened Balance Sheet: Avalon GloboCare Corp. (N A S D A Q: ALBT)
KBRA Assigns Preliminary Ratings to OBX 2022-NQM1 Trust (OBX 2022-NQM1)
EntSun News/10917779
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of mortgage pass-through notes from OBX 2022-NQM1 Trust (OBX 2022-NQM1), a $556.7 million non-prime RMBS transaction. The underlying collateral, comprising 786 residential mortgages, is characterized by a notable concentration of alternative income documentation (73.8%). With respect to the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule, approximately 64.4% of the loans were categorized as non-qualified mortgages (Non-QM). The remaining loans (35.6%) were categorized as QM: Safe Harbor (0.1%) or exempt from the ATR/QM rule (35.5%) due to being originated for business purposes (i.e., investment properties).
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its U.S. RMBS Mortgage Default and Loss Model, an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology.
Click here to view the report. To access ratings and relevant documents, click here.
Related Publications
Disclosures
More on EntSun News
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 pursuant to the Temporary Registration Regime. 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.
More on EntSun News
Contacts
Analytical
Sharif Mahdavian, Managing Director (Lead Analyst)
+1 (646) 731-2301
sharif.mahdavian@kbra.com
Jeremy Kugelman, Associate
+1 (646) 731-1228
jeremy.kugelman@kbra.com
Jack Kahan, Senior Managing Director (Rating Committee Chair)
+1 (646) 731-2486
jack.kahan@kbra.com
Business Development
Dan Stallone, Director
+1 (646) 731-1308
daniel.stallone@kbra.com
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its U.S. RMBS Mortgage Default and Loss Model, an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology.
Click here to view the report. To access ratings and relevant documents, click here.
Related Publications
- OBX 2022-NQM1 Tear Sheet
- RMBS KBRA Comparative Analytic Tool (KCAT)
- U.S. RMBS Rating Methodology
- U.S. RMBS Mortgage Default and Loss Model Methodology
- Global Structured Finance Counterparty Methodology
- ESG Global Rating Methodology
Disclosures
More on EntSun News
- Scientology Network Celebrates International Day of Happiness with Global Marathon
- Comedian Marc Yaffee Headlines Willits High School Sober Grad Fundraiser Show
- NYC Psychic With 8–1 Fight Prediction Record Calls Israel Adesanya Win Before UFC Seattle
- Mark Dobosz Makes Donorassess.org Free To Every Nonprofit On The Planet
- Genpak Announces Closure of Utah Manufacturing Facility
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 pursuant to the Temporary Registration Regime. 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.
More on EntSun News
- Isiah Thomas, the IWPA, Chef Sergentakis & Blank Page to Author Join Walden's Book Launch on Liftoff
- Newborn Care Network Introduces Clinical Standard to Bridge the Six-Week Postpartum Gap
- Natural Born Clothing Brand Announces "CALM IS A LUXURY" Spring/Summer 2026 Pop-Up Experience
- Former Ad Guy Delivers a Gripping Political Thriller "Balance of Evil" That Explores Power, Betrayal, and Corruption
- The AAA Metamorphosis: How Global Gaming Is Redefining Production Standards
Contacts
Analytical
Sharif Mahdavian, Managing Director (Lead Analyst)
+1 (646) 731-2301
sharif.mahdavian@kbra.com
Jeremy Kugelman, Associate
+1 (646) 731-1228
jeremy.kugelman@kbra.com
Jack Kahan, Senior Managing Director (Rating Committee Chair)
+1 (646) 731-2486
jack.kahan@kbra.com
Business Development
Dan Stallone, Director
+1 (646) 731-1308
daniel.stallone@kbra.com
Filed Under: Business
0 Comments
Latest on EntSun News
- Meet Joseph Neibich aka Joseph Nybyk of Beachwood Canyon
- LARUS Launches Business Continuity Framework for IPv4-Dependent Networks
- Craigory Dunn Introduces "The Craig Nice Report," A Bold Response to the AI Music Debate
- KeysCaribbean Offers 'Skip-the-Crowds' Savings With 15 Percent Off April Stays
- Supply & Demand Chain Executive Names Puga Sankara as Recipient of 2026 Pros to Know Award
- Bay Street Yard to host Country Festival March 29
- Slipaway Food Truck Park & Marina adds breakfast and coffee offerings for morning boaters, commuters
- AI Disruption Meets Marine Scale: Off The Hook YS, Inc. (N Y S E American: OTH) Targets Breakout Growth with NextBoat Launch and Aggressive Expansion
- Targeting the Billion-Dollar U.S. Countermeasure Market With AI-Driven Biodefense Platform: Lunai Bioworks (N A S D A Q: LNAI)
- New Global Standard for Transparency Across Critical Resources and Energy Markets: SMX (Security Matters) PLC (N A S D A Q: SMX)
- Forced Psychiatric Hospitalization Fails Vulnerable People: CCHR Urges Repeal Amid Rising U.S. Policies
- RIHOAS Releases Dress Guide for Feminine Occasionwear Shoppers
- Surging Into High-Performance AI With $AMD Partnership, Patent Expansion, and Strengthened Balance Sheet: Avalon GloboCare Corp. (N A S D A Q: ALBT)
- Kiko Nation Launches Mobile App to Modernize Livestock Management and Digital Animal Registry
- NEW MANAGEMENT BOOK: Creating a Joy-Centric Culture
- Sim Streeter Returns to Studio to Complete Craft Maker of R&B Remix
- QuickTrack by Datalex Transforms Retail Promoter Management with Claude AI and Real-Time Insights
- Kaltra Introduces Seasonal Discounts on Replacement Coils for Carrier, York, and Trane Chillers
- Evolve Construction Mobilizes Commercial Storm Response Across Illinois With AI-Powered Damage Documentation and Public Adjusters Partnership
- High5VR Announces World's First Fully Immersive First-Person VR Movie