KBRA has assigned preliminary ratings to 47 classes of mortgage-backed notes from PMT Loan Trust 2026-CNF8, a prime RMBS transaction sponsored by PennyMac Corp., an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust. The trust comprises 616 agency-eligible, conforming mortgage loans with an aggregate stated principal balance of approximately $306.9 million as of the September 1, 2026 cut-off date. The underlying collateral consists of fully amortizing, mostly 30-year fixed-rate mortgages originated under the general QM designation. The pool carries a weighted average original loan-to-value of 69.5%, a weighted average original combined loan-to-value of 69.7% and a weighted average original credit score of 779. KBRA said its rating approach incorporated loan-level analysis through its Residential Asset Loss Model, third-party loan file due diligence results, cash flow modeling of the payment structure, reviews of key transaction parties and an assessment of the legal structure and documentation.
PennyMac Finl Svcs IncKBRA assigned preliminary ratings to a $306.9M prime RMBS sponsored by PennyMac Corp., a routine securitization financing event for the PennyMac affiliate.
