Only about 1.0% of the mortgage assets in the collateral pool are for the respective borrowers’ personal use, and qualify as mortgages under Regulation Z.
KBRA has assigned preliminary ratings to 27 classes of mortgage pass-through certificates from GS Mortgage-Backed Securities Trust 2022-NQM1 (GSMBS 2022-NQM1), a $341.2 million non-prime RMBS transaction. KBRA assigned preliminary ratings as follows: