In New York, credit rating agency KBRA has assigned preliminary ratings to eight classes of Certificates from COOPR Residential Mortgage Trust 2026-CES1. The RMBS transaction totals $253.3 million and is sponsored by Nationstar Mortgage LLC d/b/a Mr. Cooper and Loan Funding Structure VIII LLC. The pool consists primarily of 3,438 newly originated closed-end second lien mortgages, accounting for 99.9% of the total. All loans in the pool have a seasoning of one month and are originated by Mr. Cooper.