...OBX 2026-NQM16 Trust (October 2026) The representations, warranties and enforcement mechanisms (RW&Es) found in the transaction's offering documents available to investors for OBX 2026-NQM16 Trust are substantially comparable to those typically contained in U.S. RMBS prime transactions, as described in Fitch Ratings' research, "Representations, Warranties and Enforcement Mechanisms in Global Structured Finance Transactions," dated September 12, 2024. The framework provided is in line with Fitch's expectations for nonprime transactions containing newly originated loans, although some representations include a knowledge qualifier. This transaction also incorporates loan-level representations that are not included in Fitch's criteria. The RW&Es that are available to investors, as disclosed in the offering documents for OBX 2026- NQM16 Trust and relating to the underlying asset pool, are included below....
