KBRA assigned preliminary ratings to 96 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2026-9. The pool comprises 292 first-lien, fixed-rate residential mortgage loans with an aggregate unpaid principal balance of 340.9 million USD as of the October 1, 2026 cut-off date. Non-conforming loans make up 79.3% of the pool and conforming loans 20.7%, with a weighted average original credit score of 770, consistent with prime collateral. The analysis combined loan-level modeling through KBRA's Residential Asset Loss Model (REALM), third-party loan file due diligence, cash flow modeling, and a review of key transaction parties and legal documentation.
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