KBRA Assigns Preliminary Ratings to Santander Mortgage Asset Receivable Trust 2025-NQM1 (SAN 2025-NQM1)
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KBRA has assigned preliminary ratings to seven classes of mortgage-backed notes from Santander Mortgage Asset Receivable Trust 2025-NQM1, a $283.8 million non-prime RMBS transaction. The collateral includes 714 residential mortgages, with a significant portion using alternative income documentation.
March 12, 2025 | 5:00 pm
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Santander's mortgage-backed notes from the 2025-NQM1 trust have received preliminary ratings from KBRA. This $283.8 million non-prime RMBS transaction includes a significant portion of loans using alternative income documentation.
The assignment of preliminary ratings by KBRA to Santander's RMBS transaction is a positive development, indicating a level of confidence in the quality of the underlying assets. This could positively impact Santander's stock in the short term as it reflects the company's ability to structure and manage complex financial products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80