OBX 2018-EXP2 Trust: Rating Report

DBRS, Inc. (DBRS) finalized the following provisional ratings on the Mortgage-Backed Notes, Series 2018-EXP2 (the Notes) issued by OBX 2018-EXP2 Trust (the Trust):

-- $134.8 million Class 1-A-1 at AAA (sf)
-- $33.7 million Class 1-A-2 at AAA (sf)
-- $168.4 million Class 1-A-3 at AAA (sf)
-- $4.3 million Class 1-A-4 at AAA (sf)
-- $172.7 million Class 1-A-5 at AAA (sf)
-- $134.8 million Class 1-A-IO1 at AAA (sf)
-- $33.7 million Class 1-A-IO2 at AAA (sf)
-- $168.4 million Class 1-A-IO3 at AAA (sf)
-- $4.3 million Class 1-A-IO4 at AAA (sf)
-- $172.7 million Class 1-A-IO5 at AAA (sf)
-- $172.7 million Class 1-A-IO6 at AAA (sf)
-- $134.8 million Class 1-A-6 at AAA (sf)
-- $33.7 million Class 1-A-7 at AAA (sf)
-- $168.4 million Class 1-A-8 at AAA (sf)
-- $4.3 million Class 1-A-9 at AAA (sf)
-- $172.7 million Class 1-A-10 at AAA (sf)
-- $126.4 million Class 2-A-1A at AAA (sf)
-- $31.6 million Class 2-A-1B at AAA (sf)
-- $158.0 million Class 2-A-1 at AAA (sf)
-- $4.0 million Class 2-A-2 at AAA (sf)
-- $162.0 million Class 2-A-3 at AAA (sf)
-- $162.0 million Class 2-A-IO at AAA (sf)
-- $1.3 million Class B-1 at AA (sf)
-- $1.3 million Class B1-IO at AA (sf)
-- $1.3 million Class B1-A at AA (sf)
-- $23.0 million Class B-2 at A (sf)
-- $23.0 million Class B2-IO at A (sf)
-- $23.0 million Class B2-A at A (sf)
-- $10.6 million Class B-3 at BBB (sf)
-- $6.3 million Class B-4 at BB (sf)
-- $3.3 million Class B-5 at B (sf)