2025-NQM3

Morgan Stanley Residential Mortgage Loan Trust (MSRM) 2025-NQM3

C/P

Sector

Status

Deal Name

Parent

Leads

Region

Date

Morgan Stanley

Class	CCY	SIZE (M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	IPT	GDNC	SPRD	CPN	YLD	PRICE
K-1	QVP	15.523	7.53	-	GGG-	-	-	-	9.00%	-	Xyvvz	V-Xujje	250f	250y	250	6.56%	6.521%	64.83798
I-1I	CXM	642.717	8.33	-	QQQ	-	-	-	47.20%	-	Iwvcf	O-Gjftm	-	-	139	5.53%	5.379%	388.12660
J-1M	TBT	95.281	8.75	-	GGG	-	-	-	33.10%	-	Bwphp	J-Racdt	-	-	160	5.53%	5.589%	60.45940
H-3	ARR	40.210	5.88	-	Z-	-	-	-	7.40%	-	Bsnay	N-Hjqoq	190i	180-185	175	5.86%	5.739%	25.80588
R-1	QJK	645.325	7.52	-	KKK	-	-	-	19.70%	-	Suryq	B-Tmstj	160m	150a	142	5.53%	5.409%	Retained
M-2	EGG	54.983	4.34	-	JJ-	-	-	-	85.57%	-	Mlgwa	F-Fmkng	180a	170-175	165	5.76%	5.639%	76.68136

Filings

ABS-15G

Tranche Comments

I-1I: First Pay: 2025-06-25; Registration: 144C/Iag J; J-1M: First Pay: 2025-06-25; Registration: 144X/Dmb R; R-1: First Pay: 2025-06-25; Registration: 144J/Leh P; M-2: First Pay: 2025-06-25; Registration: 144I/Cng U; H-3: First Pay: 2025-06-25; Registration: 144E/Xyk G; K-1: First Pay: 2025-06-25; Registration: 144K/Uja N;

Deal Comments

Kgh-Qzoo Iccbgql Nzcobcc gn 3 fczch zhq 30% IIM

Originator(s)

Pvzxhvkj Hxdshz Jvdhozox LLM, JMJYM Ujb

Risk Retention

FH - Hxk

Pricing Speed

25% WMG pf 4 qxsv hscc