...- GCAT 2023-NQM2 Trust's issuance is an RMBS securitization backed by a pool of 714 first-lien, fixed-, and adjustable-rate residential mortgage loans, including mortgage loans with initial interest-only periods, to prime and nonprime borrowers. The loans are secured by single-family residential properties, planned-unit developments, townhouses, condominiums, cooperatives, and two- to four-family residential properties. - We assigned our preliminary ratings to the class A-1, A-2, A-3, M-1, B-1, and B-2 certificates. - The preliminary ratings reflect our view of the transaction credit enhancement, associated structural mechanics, geographic concentration, and representation and warranty framework among other factors. ENGLEWOOD (S&P Global Ratings) Jan. 27, 2023--S&P Global Ratings today assigned its preliminary ratings to GCAT 2023-NQM2 Trust's mortgage pass-through certificates (see list). The certificate issuance is an RMBS securitization backed by first-lien, fixed-, and adjustable-rate...
