1. KBRA assigns ratings to Santander's $288.6 million non-prime RMBS transaction. 2. 58.4% of loans are exempt from ATR/QM rules due to alternative documentation.
The strong assignment of ratings indicates confidence in SAN's mortgage-backed security performance. Historical performance of similar non-prime transactions has often led to favorable investor sentiment, benefiting SAN.
Positive ratings could drive investor confidence and demand, impacting SAN's stock price. A larger volume of non-prime RMBS transactions may enhance SAN's reputation in the market.
The immediate market reaction to the rating assignment could drive short-term gains for SAN, similar to previous instances where ratings positively affected related stocks.