Fitch Ratings says it has assigned expected ratings to residential mortgage-backed notes to be issued by New Residential Mortgage Loan Trust 2022-NQM3 (NRMLT 2022-NQM3). The notes are supported by 595 newly originated loans that have a balance of $346.1 million as of the April 1, 2022, cutoff date. The pool consists of loans originated by NewRez LLC, formerly known as New Penn Financial LLC, and Caliber Home Loans, a subsidiary of NewRez.