Credit Rating Report

Flagstar Mortgage Trust 2017-2: Rating Report

RMBS

Summary

DBRS, Inc. (DBRS) finalized its provisional ratings on the Mortgage Pass-Through Certificates, Series 2017-2 (the Certificates) issued by Flagstar Mortgage Trust 2017-2 (the Trust) as follows:

-- $541.9 million Class A-1 at AAA (sf)
-- $541.9 million Class A-2 at AAA (sf)
-- $507.3 million Class A-3 at AAA (sf)
-- $507.3 million Class A-4 at AAA (sf)
-- $380.5 million Class A-5 at AAA (sf)
-- $380.5 million Class A-6 at AAA (sf)
-- $126.8 million Class A-7 at AAA (sf)
-- $126.8 million Class A-8 at AAA (sf)
-- $100.0 million Class A-9 at AAA (sf)
-- $100.0 million Class A-10 at AAA (sf)
-- $26.8 million Class A-11 at AAA (sf)
-- $26.8 million Class A-12 at AAA (sf)
-- $34.6 million Class A-13 at AAA (sf)
-- $34.6 million Class A-14 at AAA (sf)
-- $541.9 million Class A-X-1 at AAA (sf)
-- $541.9 million Class A-X-2 at AAA (sf)
-- $507.3 million Class A-X-3 at AAA (sf)
-- $380.5 million Class A-X-4 at AAA (sf)
-- $126.8 million Class A-X-5 at AAA (sf)
-- $100.0 million Class A-X-6 at AAA (sf)
-- $26.8 million Class A-X-7 at AAA (sf)
-- $34.6 million Class A-X-8 at AAA (sf)
-- $11.5 million Class B-1 at AA (sf)
-- $8.6 million Class B-2 at A (sf)
-- $6.3 million Class B-3 at BBB (sf)
-- $4.0 million Class B-4 at BB (sf)
-- $1.2 million Class B-5 at B (sf)

Classes A-X-1, A-X-2, A-X-3, A-X-4, A-X-5, A-X-6, A-X-7 and A-X-8 are interest-only certificates. The class balances represent notional amounts.

Ratings

Flagstar Mortgage Trust 2017-2
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:BB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 31, 2017
  • Rating Action:Provis.-Final
  • Ratings:B (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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