RMBS KBRA Comparative Analytic Tool (KCAT) To access ratings and relevant documents, click here. RMBS Rating Methodology.Ĭlick here to view the report. This analysis is further described in our U.S. KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its KBRA RMBS Credit Model, 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.
The borrowers in the Reference Pool have a WA LTV of 92.2%, a non-zero WA (NZWA) original credit score of 747 and a NZWA debt-to-income (DTI) ratio of 36.4%.
The Reference Obligations are fully documented, fully-amortizing, primarily 30-year fixed-rate mortgages (FRMs) of prime quality. The Reference Pool consists of 127,166 residential mortgage loans with an outstanding principal balance of approximately $38.5 billion as of the cut-off date. The pool is characterized by loans with original loan-to-value (LTV) ratios that are greater than 80% and less than or equal to 97%.
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NEW YORK, April 28, 2022-( BUSINESS WIRE)-KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2022-R05 (CAS 2022-R05), a credit risk sharing transaction with a total note offering of $952,033,000.
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