MFRA NQM Depositor LLC

03/13/2026 | Press release | Distributed by Public on 03/13/2026 15:30

Asset-Backed Securitizer Report (Form ABS-15G)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM ABS-15G

ASSET-BACKED SECURITIZER
REPORT PURSUANT TO SECTION 15G OF
THE SECURITIES EXCHANGE ACT OF 1934

MFRA NQM DEPOSITOR, LLC

Check the appropriate box to indicate the filing obligation which this form is intended to satisfy:

☐ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period______________ to _________________

Date of Report (Date of earliest event reported) __________________

Commission File Number of securitizer: __________________

Central Index Key Number of securitizer:__________________

Name and telephone number, including area code, of the person to contact in connection with this filing

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(l) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: 0001803775

MFA 2026-NQMR1 Trust

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable):

Central Index Key Number of underwriter (if applicable): ________________

Bryan Wulfsohn, 212-207-6431

Name and telephone number, including area code, of the person to contact in connection with this filing

PART I: REPRESENTATION AND WARRANTY INFORMATION

Item 1.01 Initial Filing of Rule l5Ga-1 Representations and Warranties Disclosure

Not Applicable

Item 1.02 Periodic Filing of Rule l5Ga-1 Representations and Warranties Disclosure

Not Applicable

Item 1.03 Notice of Termination of Duty to File Reports under Rule l5Ga-1

Not Applicable

PART II - FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS

Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibits to this Form ABS-15G. Please see the Exhibit Index for the related information.

Item 2.02 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Underwriter

Not Applicable

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MFRA NQM Depositor, llc
Date: March 13, 2026 /s/ Bryan Wulfsohn
Name: Bryan Wulfsohn
Title: Vice President

EXHIBIT INDEX

99.01 AMC Diligence, LLC ("AMC") Narrative

1. AMC - Credit Loan Level Exceptions Report
2. AMC - Credit Exception Grades Report
3. AMC - Credit Business Purpose Report
4. AMC - Credit Supplemental Data Report
5. AMC - Credit Valuation Report
6. AMC - Lease Loan Level Exceptions Report
7. AMC - Lease Valuation Report
8. AMC - Lease Data Compare Report
9. AMC - Lease Business Purpose Report
10. AMC - Lease Supplemental Data Report

99.02 Canopy Financial Technology Partners LLC ("Canopy") Narrative

1. Canopy Supplemental Data Report
2. Canopy Rating Agency Grades Detail Report
3. Canopy Rating Agency Grades Summary Report
4. Canopy Valuation Report
5. Canopy ATR or QM Report
6. Canopy Data Compare Report

99.03 Clayton Services LLC ("Clayton") Narrative

1. Clayton Valuations Summary Report
2. Clayton Non ATR QM Report
3. Clayton Loan Level Tape Compare Report
4. Clayton RA ATR QM Data Report
5. Clayton Conditions Detail Report
6. Clayton Loan Grades Report
7. Clayton Conditions Summary Report

99.04 Evolve Mortgage Services, LLC ("Evolve") Narrative

1. Evolve Rating Agency Grades Report
2. Evolve Exception Detail Report
3. Evolve Valuation Report
4. Evolve Data Compare Report
5. Evolve QM ATR Data Report
6. Evolve Additional Data Report
7. Evolve Business Purpose Report

99.05 Infinity IPS, Inc. ("Infinity") Narrative

1. Infinity Rating Agency Grades Report
2. Infinity Loan Level Exception Report
3. Infinity Individual Exception Report
4. Infinity Valuation Report
5. Infinity Data Compare Report
6. Infinity Supplemental Data Report

99.06 Selene Diligence LLC ("Selene") Narrative

1. Selene Rating Agency Grades Summary Report
2. Selene Standard Findings Report
3. Selene Valuation Report
4. Selene Supplemental Data Report
5. Selene Mortgage Loan Schedule Report
6. Selene Business Purpose Report
7. Selene Data Compare Report
MFRA NQM Depositor LLC published this content on March 13, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 13, 2026 at 21:30 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]