2025-NQM2

Morgan Stanley Residential Mortgage Loan Trust (MSRM) 2025-NQM2

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
F-1	BGM	461.810	7.36	-	RRR	-	-	XXX	11.50%	-	Jhkkc	P-Wdyvf	140l	143	5.63%	5.505%	21.25702
A-2	FLS	99.155	1.10	-	HH-	-	-	AA-	98.64%	-	Hqcey	E-Bnnbs	160r	160	5.80%	5.675%	65.57580
L-3	VRL	78.948	1.78	-	N-	-	-	C-	8.70%	-	Jlftk	Y-Bzqkc	190	190	6.10%	5.975%	64.39613
A-1	LJV	62.267	4.13	-	FFF-	-	-	MMM	4.40%	-	Hvcjd	K-Fsmkj	240	240	6.52%	6.484%	70.20860
Q-1	VNK	2.784	2.11	-	PP	-	-	JJ+	9.17%	-	Spcui	F-Vfsrg	335	335	7.15%	7.434%	14.88305

Filings

EX-103

Tranche Comments

F-1: First Pay: 2025-04-25; Registration: 144P/Nwk M; A-2: First Pay: 2025-04-25; Registration: 144D/Zaq I; L-3: First Pay: 2025-04-25; Registration: 144Z/Vfx P; A-1: First Pay: 2025-04-25; Registration: 144O/Vli D; Q-1: First Pay: 2025-04-25; Registration: 144I/Tqd M;

Deal Comments

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Originator(s)

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Risk Retention

GM - Zfl

Pricing Speed

25% IMA ww 4 gwyj hygg (fwwp rp xyww)

Refinancing

Yes