Real Estate
KBRA Assigns Preliminary Ratings to Citigroup Mortgage Loan Trust 2026-LTV1 (CMLTI 2026-LTV1)
NEW YORK, July 02, 2026--KBRA assigns preliminary ratings to 8 classes of mortgage pass-through certificates from Citigroup Mortgage Loan Trust 2026-LTV1 (CMLTI 2026-LTV1), a prime high LTV residential mortgage-backed securities (RMBS) transaction issued by Citigroup through its CMLTI shelf and comprises 429 residential mortgages with an aggregate unpaid principal balance (UPB) of approximately $378.3 million as of the June 1, 2026 cut-off date. The underlying collateral consists mostly of 30-ye
About this update from Citigroup, Inc.
NEW YORK, July 02, 2026--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 8 classes of mortgage pass-through certificates from Citigroup Mortgage Loan Trust 2026-LTV1 (CMLTI 2026-LTV1), a prime high LTV residential mortgage-backed securities (RMBS) transaction issued by Citigroup through its CMLTI shelf and comprises 429 residential mortgages with an aggregate unpaid principal balance (UPB) of approximately $378.3 million as of the June 1, 2026 cut-off date. The underlying collateral consists mostly of 30-year fixed-rate mortgages (FRMs) and includes both non-agency (78.8%) and agency-eligible (21.2%) loans. 33.0% of the loans were originated by Rocket Mortgage, LLC and 66.8% of the loans will be serviced by Fay Servicing, LLC. CMLTI 2026-LTV1 utilizes a Pro Rata/Sequential Hybrid structure. KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology. To access ratings and relevant documents, click here. Click here to view the report. Related Publications Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.