Rithm Capital Corp. has received preliminary ratings for its mortgage-backed notes, New Residential Mortgage Loan Trust 2025-NQM4, from KBRA. The $488.4 million non-prime RMBS transaction includes mortgages originated primarily by NewRez LLC and Champions Funding, LLC. The notes are collateralized by a pool of 938 residential mortgages and exhibit a weighted average original credit score of 752. All loans will be serviced by Shellpoint Mortgage Servicing.
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