KBRA Assigns Preliminary Ratings to CLIP 2026-NQM2 Trust
NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA assigns preliminary ratings to ten classes of mortgage pass-through notes from CLIP 2026-NQM2 Trust, a $349.3 million non-prime RMBS transaction issued by Itasca Park LLC as sponsor. The underlying collateral comprises 602 primarily fixed-rate residential mortgages (FRMs). Guaranteed Rate Entities (28.1%) is the largest originator, and all loans are serviced by Select Portfolio Servicing, Inc. The loans are either classified as non-qualified mortgages (Non-QM) (3