{"id":6112,"date":"2026-05-14T21:50:00","date_gmt":"2026-05-14T19:50:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=fbe33add38aa74f204d8aebc70dff216"},"modified":"2026-05-14T21:50:00","modified_gmt":"2026-05-14T19:50:00","slug":"kbra-assigns-preliminary-ratings-to-ad-mortgage-trust-2026-nqm4-admt-2026-nqm4","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=6112","title":{"rendered":"KBRA Assigns Preliminary Ratings to A&D Mortgage Trust 2026-NQM4 (ADMT 2026-NQM4)"},"content":{"rendered":"

NEW YORK--(BUSINESS WIRE)--#creditratingagency<\/a>--KBRA assigns preliminary ratings to 10 classes of mortgage pass-through certificates from ADMT 2026-NQM4, a $407.0 million non-prime RMBS transaction sponsored by Atlas A&D Opportunity Fund III LP, with the majority of the loans being originated by A&D Mortgage, LLC or one of its qualified correspondents. The underlying collateral, comprising 979 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. Borrowers in the subject pool possess a non-zero WA original credit score of 752 and exhibit notable equity in each mortgaged property, with a WA combined LTV (CLTV) ratio of 68.4%. Notably, 4.1% of the loans are second-lien loans.<\/p><\/a><\/a>

\nKBRA\u2019s rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction\u2019s payment structure, reviews of key transaction parties and an assessment of the transaction\u2019s legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology.<\/p>

\nTo access ratings and relevant documents, click here<\/a>.<\/p>

\nClick here<\/a> to view the report.<\/p>

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