NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA assigns preliminary ratings to 13 classes of mortgage-backed notes from OBX 2026-NQM16 Trust, a $750.1 million non-prime RMBS transaction. The underlying collateral, comprising 1,446 residential mortgages, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 93.6% and 6.4% of the pool, respectively. All of the loans are either classified as non-qualified mortgages (Non-QM; 32.9%) or exempt (53.9%) from the Ability-to-Repay/Qualif