Fitch To Rate BRAVO Residential Funding Trust Non-QM Offering
Fitch Ratings said this week it expects to rate the residential mortgage-backed notes to be issued by BRAVO Residential Funding Trust 2022-NQM3 (BRAVO 2022-NQM3). The notes are supported by 920 loans with a total interest-bearing balance of approximately $387 million as of the cutoff date. There is also roughly $879,000 of non-interest-bearing deferred amounts whose payments or losses will be used solely to pay down or write off the class FB notes.