[ad_1]
Kroll Bond Rating Agency (KBRA) has conducted preliminary ratings on 35 types of mortgage transfer certificates from UWM Mortgage Trust 2021-J1 (UWM 2021-J1). UWM 2021-J1 includes 479 residential mortgage loans, and as of the deadline of December 1, 2021, the principal balance totaled US$498.4 million. The underlying collateral consists entirely of a 30-year fixed rate mortgage (FRM), all of which are subject to the ability to repay/qualify mortgage (ATR/QM) rules.
KBRA’s rating method uses its RMBS credit model to analyze the loan level of the mortgage pool, check the results of the third-party loan document due diligence, analyze the cash flow model of the transaction payment structure, review the key transaction parties and evaluate the legal structure and documents of the transaction . This analysis is further described in our US RMBS rating methodology.
Click on here View the report.To access ratings and related documents, click here.
Related publications
The full story can be found on Benzinga.com
[ad_2]
Source link
