Kbra assigns preliminary ratings to morgan stanley residential mortgage loan trust 2023-nqm1 (msrm 2023-nqm1)

New york--(business wire)-- #kbra--kbra assigns preliminary ratings to 6 classes of mortgage-backed certificates from morgan stanley residential mortgage loan trust 2023-nqm1 (msrm 2023-nqm1), a $342.0 million non-prime rmbs transaction. the underlying collateral, comprising 864 residential mortgages, is characterized by a notable concentration of alternative income documentation (90.0%). most of the loans are either classified as non-qualified mortgages (non-qm) (43.9%) or exempt (49.9%) from the abil.
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