Loading...
You are here:  Home  >  News  >  Business  >  Current Article

KBRA Assigns Preliminary Ratings to PSMC 2021-3 Trust (PSMC 2021-3)

By   /  September 21, 2021  /  Comments Off on KBRA Assigns Preliminary Ratings to PSMC 2021-3 Trust (PSMC 2021-3)

    Print       Email


NEW YORK–()–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 42 classes of mortgage pass-through certificates from PSMC 2021-3 Trust (PSMC 2021-3). PSMC 2021-3 comprises 469 residential mortgages with an aggregate principal balance of $428.7 million as of the September 1, 2021 cut-off date. The underlying collateral consists entirely of 30-year fixed-rate mortgages (FRMs), all of which are subject to the Ability-to-Repay/Qualified Mortgage (ATR/QM) rules.

KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its RMBS Credit Model, an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction’s payment…



Click here to view the original article.

    Print       Email

You might also like...

Recession warning: BoE official predicts 2008-level economic crash due to Bitcoin & crypto

Read More →