1. KBRA assigns preliminary ratings to RITM's $325.7 million RMBS transaction. 2. The transaction involves non-prime mortgages, impacting RITM's market perception.
The issuance of $325.7 million in mortgage-backed securities suggests confidence in RITM, potentially boosting investor sentiment. Similar past transactions have positively influenced REIT stocks, providing a solid foundation for price appreciation.
The announcement of new ratings for mortgage-backed securities directly relates to RITM's core business, indicating potential growth and investment confidence. This is likely to draw investor interest and may lead to movement in RITM's stock price.
The immediate market reaction to new ratings can influence RITM's stock price in the short term. Upcoming market reports and investor responses will further clarify this impact.