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Ties credit rating to outcome of U.S. debt limit negotiations.
BRAVO Residential Funding Trust 2023-NQM3 is supported by 674 loans with a balance of $302 million.
OBX 2023-NQM3 Trust is a $407.5M securitization backed by 807 mostly Non-QM loans, 22% from SG Capital.
Places negative rating on proposed sale of wholesale origination assets to The Loan Store.
But it does not expect the resurgence of Non-QM loans to result in an 'extensive deterioration in performance' similar to 2008.
The notes are supported by 910 loans with a UPB of approximately $420.7 million acquired by Annaly Capital Management.
