NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA assigns preliminary ratings to 87 classes of mortgage pass-through notes from OBX 2026-J3 Trust, a $391.5 million prime RMBS transaction. The underlying collateral, comprising 319 fixed-rate, fully amortizing loans, is characterized by moderate borrower equity, as evidenced by the WA original LTV of 71.9%, and has a WA original credit score of 786. KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Mode