KBRA

The CSMC 2022-NQM3 Trust RMBS offering comprises 1,137 residential mortgages characterized by a significant concentration of loans underwritten using alternative income documentation.

The $425.7 million non-prime RMBS transaction comprises 998 residential mortgages characterized by a notable concentration of alternative income documentation.

Approximately 49.8% of the loans in the pool were categorized as non-qualified (non-QM) mortgages.

The offering is a credit risk sharing transaction with a total note offering of $1.84 billion.

The prime RMBS transaction is comprised of 1,024 residential mortgages with an aggregate interest-bearing principal balance of approximately $622 million.

Pool comprises 891 residential mortgage loans with an aggregate principal balance of $1 billion.