Credit Rating Report

Flagstar Mortgage Trust 2018-2: Rating Report

RMBS

Summary

DBRS, Inc. (DBRS) finalized the following provisional ratings of the Mortgage Pass-Through Certificates, Series 2018-2 (the Certificates) issued by Flagstar Mortgage Trust 2018-2 (the Trust):

-- $660.1 million Class A-1 at AAA (sf)
-- $660.1 million Class A-2 at AAA (sf)
-- $598.5 million Class A-3 at AAA (sf)
-- $598.5 million Class A-4 at AAA (sf)
-- $478.8 million Class A-5 at AAA (sf)
-- $478.8 million Class A-6 at AAA (sf)
-- $119.7 million Class A-7 at AAA (sf)
-- $119.7 million Class A-8 at AAA (sf)
-- $89.4 million Class A-9 at AAA (sf)
-- $89.4 million Class A-10 at AAA (sf)
-- $30.3 million Class A-11 at AAA (sf)
-- $30.3 million Class A-12 at AAA (sf)
-- $61.6 million Class A-13 at AAA (sf)
-- $61.6 million Class A-14 at AAA (sf)
-- $660.1 million Class A-X-1 at AAA (sf)
-- $660.1 million Class A-X-2 at AAA (sf)
-- $598.5 million Class A-X-3 at AAA (sf)
-- $478.8 million Class A-X-4 at AAA (sf)
-- $119.7 million Class A-X-5 at AAA (sf)
-- $89.4 million Class A-X-6 at AAA (sf)
-- $30.3 million Class A-X-7 at AAA (sf)
-- $61.6 million Class A-X-8 at AAA (sf)
-- $660.1 million Class A-X-9 at AAA (sf)
-- $10.6 million Class B-1 at AA (sf)
-- $12.3 million Class B-2 at A (sf)
-- $8.8 million Class B-3 at BBB (sf)
-- $5.3 million Class B-4 at BB (sf)
-- $3.2 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, A-X-8 and A-X-9 are interest-only certificates. The class balances represent notional amounts.

Ratings

Flagstar Mortgage Trust 2018-2
  • 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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