Press Release

DBRS Morningstar Places 12 GSE CRT Transactions Under Review with Positive Implications

RMBS

November 22, 2019

DBRS, Inc. (DBRS Morningstar) placed its ratings on 316 outstanding classes of the following 12 government-sponsored enterprise credit risk transfer (GSE CRT) transactions Under Review with Positive Implications:

-- Fannie Mae Connecticut Avenue Securities, Series 2017-C03
-- Fannie Mae Connecticut Avenue Securities, Series 2017-C05
-- Fannie Mae Connecticut Avenue Securities, Series 2018-C01
-- Fannie Mae Connecticut Avenue Securities, Series 2018-C03
-- Fannie Mae Connecticut Avenue Securities, Series 2018-C05
-- Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DN1
-- Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA3
-- Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA3
-- Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-HQA1
-- Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-HQA4
-- Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2017-DNA3
-- Freddie Mac STACR Trust 2019-DNA1

The rating actions were taken in relation to the Request for Comment on the proposed “Appendix 8: Expected Mortgage Insurance Payments” to the “RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology” on November 22, 2019. In conjunction with the proposed expected mortgage insurance payment appendix, DBRS Morningstar also implements a minimum asset correlation in its RMBS Insight model with respect to pools with very high loan counts.

In the RMBS Insight model, DBRS Morningstar’s approach to ratings categories includes two components: one based on identifiable risks and the other based on unidentifiable risks. Unidentifiable risk refers to causes of variation that are not captured by the independent variables in the model. For unidentifiable risks, the variation is quantified by estimating an asset correlation.

The asset correlation model is a parametric function of geographic concentration, loan size concentration and credit quality. Asset correlation increases with concentration and decreases with credit quality. As a corollary, correlation decreases with loan size concentration, but remains positive because of broader economic correlations at the regional and national levels. In pools with very high loan counts, the loan diversity benefits can result in low correlation calculations and gaps between any rating categories can be compressed and potentially subject to rating volatility.

To mitigate this risk while maintaining appropriate rating scalability for pools of different credit quality, DBRS Morningstar implements minimum asset correlations in its RMBS Insight to effectively capture pool risks. This represents a change from DBRS Morningstar’s previous approach of enforcing minimum spacing between each rating category for pools with very high loan counts.

The implementation of minimum asset correlations is deemed to be a material change to the existing “RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology,” the impact of which is expected to be more significant for seasoned GSE CRT transactions with strong credit attributes and collateral performance.

A preliminary analysis indicated that the potential rating actions on DBRS Morningstar-rated GSE CRT transactions are expected to be confirmations or upgrades.

Notes:
For more information related to these rating actions, please refer to the following press release:

<a href="https://www.dbrs.com/research/353169/" target="_blank">"DBRS Morningstar Requests Comments on Proposed Mortgage Insurance Appendices to RMBS Insight 1.3: U.S. RMBS Model and Rating Methodology and Operational Risk Assessment for U.S. RMBS Originators"</a>

The principal methodologies are U.S. RMBS Surveillance Methodology and RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology, which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did not participate in the rating process for this rating action. DBRS Morningstar did not have access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

DBRS, Inc.
140 Broadway, 43rd Floor
New York, NY 10005 USA

^------------------------------^

Ratings

Fannie Mae

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1M-1	A (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1M-1	BBB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1M-1	BBB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class Cl 1M-1	BBB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1A-I1	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1A-I2	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1A-I3	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1A-I4	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-A1	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-A2	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-A3	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-A4	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1M-2A	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1A-I1	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1A-I2	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1A-I3	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1A-I4	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-A1	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-A2	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-A3	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-A4	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1M-2A	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1M-1	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1A-I1	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1A-I2	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1A-I3	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1A-I4	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-A1	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-A2	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-A3	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-A4	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1M-2A	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1A-I1	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1A-I2	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1A-I3	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1A-I4	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-A1	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-A2	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-A3	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-A4	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1M-2A	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1A-I1	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1A-I2	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1A-I3	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1A-I4	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-A1	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-A2	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-A3	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-A4	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class Cl 1M-2A	BBB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1B-I1	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1B-I2	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1B-I3	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1B-I4	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-B1	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-B2	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-B3	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-B4	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-D1	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-D2	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-D3	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-D4	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-D5	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1M-2B	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1X1	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1X2	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1X3	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1X4	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1-X1	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1-X2	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1-X3	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1-X4	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1B-I1	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1B-I2	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1B-I3	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1B-I4	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-B1	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-B2	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-B3	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-B4	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-D1	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-D2	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-D3	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-D4	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-D5	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1M-2B	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1-X1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1-X2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1-X3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1-X4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1B-I1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1B-I2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1B-I3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1B-I4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-B1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-B2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-B3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-B4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-D1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-D2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-D3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-D4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-D5	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1M-2B	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1-X1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1-X2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1-X3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1-X4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1B-I1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1B-I2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1B-I3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1B-I4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-B1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-B2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-B3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-B4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-D1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-D2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-D3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-D4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-D5	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1M-2B	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1-X1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1-X2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1-X3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1-X4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1B-I1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1B-I2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1B-I3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1B-I4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-B1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-B2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-B3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-B4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-D1	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-D2	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-D3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-D4	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-D5	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1M-2B	BB (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1C-I1	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1C-I2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1C-I3	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1C-I4	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-C1	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-C2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-C3	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-C4	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-F1	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-F2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-F3	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-F4	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1E-F5	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1M-2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1M-2C	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1Y1	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1Y2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1Y3	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C03, Class 1Y4	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1-Y1	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1-Y2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1-Y3	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1-Y4	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1C-I1	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1C-I2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1C-I3	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1C-I4	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-C1	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-C2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-C3	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-C4	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-F1	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-F2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-F3	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-F4	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1E-F5	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1M-2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2017-C05, Class 1M-2C	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1-Y1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1-Y2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1-Y3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1-Y4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1C-I1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1C-I2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1C-I3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1C-I4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-C1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-C2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-C3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-C4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-F1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-F2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-F3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-F4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1E-F5	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1M-2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C01, Class 1M-2C	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1-Y1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1-Y2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1-Y3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1-Y4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1C-I1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1C-I2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1C-I3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1C-I4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-C1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-C2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-C3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-C4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-F1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-F2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-F3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-F4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1E-F5	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1M-2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C03, Class 1M-2C	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1-Y1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1-Y2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1-Y3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1-Y4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1C-I1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1C-I2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1C-I3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1C-I4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-C1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-C2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-C3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-C4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-F 3	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-F1	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-F2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-F4	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1E-F5	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1M-2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Connecticut Avenue Securities, Series 2018-C05, Class 1M-2C	B (high) (sf)	--	UR-Pos.	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-2	AA (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-2F	AA (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-2I	AA (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-12	AA (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-2	AA (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-2F	AA (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-2I	AA (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DN1, Class M-3	AA (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DN1, Class M-3F	AA (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DN1, Class M-3I	AA (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DN1, Class MA	AA (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-12	AA (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-2	AA (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-2I	AA (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, ClassM-2F	AA (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-2	A (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-2F	A (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-2I	A (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3A	A (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3AF	A (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3AI	A (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-1	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-3	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-3F	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-3I	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class MA	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-3A	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-3AF	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-3AI	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2A	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AI	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AR	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AS	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AT	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AU	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3B	BB (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-3	BB (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-3F	BB (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-3I	BB (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class MA	BB (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2B	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BI	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BR	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BS	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BT	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BU	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2I	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2R	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2S	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2T	BB (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2U	BB (low) (sf)	--	UR-Pos.	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-1	BBB (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2A	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AI	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AR	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AS	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AT	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AU	BB (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2B	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BI	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BR	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BS	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BT	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BU	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2I	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2R	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2RB	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2S	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2SB	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2T	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2TB	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2U	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2UB	B (high) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1A	B (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1AI	B (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1AR	B (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1	B (low) (sf)	--	UR-Pos.	US
22-Nov-19	Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1B	B (low) (sf)	--	UR-Pos.	US

Fannie Mae

Connecticut Avenue Securities, Series 2017-C05, Class 1M-1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:A (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1M-1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1M-1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class Cl 1M-1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1A-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1A-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1A-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1A-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-A1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-A2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-A3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-A4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1M-2A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1A-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1A-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1A-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1A-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-A1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-A2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-A3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-A4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1M-2A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1M-1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1A-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1A-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1A-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1A-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-A1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-A2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-A3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-A4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1M-2A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1A-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1A-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1A-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1A-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-A1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-A2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-A3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-A4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1M-2A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1A-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1A-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1A-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1A-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-A1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-A2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-A3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-A4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class Cl 1M-2A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1B-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1B-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1B-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1B-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-B1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-B2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-B3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-B4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-D1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-D2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-D3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-D4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-D5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1M-2B

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1X1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1X2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1X3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1X4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1-X1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1-X2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1-X3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1-X4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1B-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1B-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1B-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1B-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-B1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-B2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-B3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-B4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-D1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-D2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-D3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-D4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-D5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1M-2B

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1-X1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1-X2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1-X3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1-X4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1B-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1B-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1B-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1B-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-B1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-B2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-B3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-B4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-D1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-D2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-D3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-D4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-D5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1M-2B

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1-X1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1-X2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1-X3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1-X4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1B-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1B-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1B-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1B-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-B1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-B2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-B3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-B4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-D1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-D2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-D3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-D4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-D5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1M-2B

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1-X1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1-X2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1-X3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1-X4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1B-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1B-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1B-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1B-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-B1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-B2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-B3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-B4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-D1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-D2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-D3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-D4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-D5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1M-2B

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1C-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1C-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1C-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1C-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-C1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-C2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-C3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-C4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-F1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-F2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-F3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-F4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1E-F5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1M-2C

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1Y1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1Y2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1Y3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C03, Class 1Y4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1-Y1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1-Y2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1-Y3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1-Y4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1C-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1C-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1C-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1C-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-C1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-C2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-C3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-C4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-F1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-F2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-F3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-F4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1E-F5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2017-C05, Class 1M-2C

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1-Y1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1-Y2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1-Y3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1-Y4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1C-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1C-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1C-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1C-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-C1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-C2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-C3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-C4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-F1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-F2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-F3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-F4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1E-F5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C01, Class 1M-2C

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1-Y1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1-Y2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1-Y3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1-Y4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1C-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1C-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1C-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1C-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-C1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-C2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-C3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-C4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-F1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-F2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-F3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-F4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1E-F5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C03, Class 1M-2C

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1-Y1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1-Y2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1-Y3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1-Y4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1C-I1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1C-I2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1C-I3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1C-I4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-C1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-C2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-C3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-C4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-F 3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-F1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-F2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-F4

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1E-F5

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Connecticut Avenue Securities, Series 2018-C05, Class 1M-2C

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Freddie Mac

Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-2F

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-2I

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-12

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-2F

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-2I

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DN1, Class M-3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DN1, Class M-3F

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DN1, Class M-3I

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DN1, Class MA

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-12

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-2I

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, ClassM-2F

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-2F

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-2I

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:A (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3AF

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:A (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3AI

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:A (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-3F

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M-3I

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class MA

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-3A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-3AF

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA4, Class M-3AI

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AI

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AR

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AS

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AT

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2AU

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3B

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-3

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-3F

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class M-3I

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2016-HQA1, Class MA

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2B

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BI

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BR

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BS

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BT

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BU

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2I

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2R

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2S

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2T

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2U

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Freddie Mac STACR Trust 2019-DNA1

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AI

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AR

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AS

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AT

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AU

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2B

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BI

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BR

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BS

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BT

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BU

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2I

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2R

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2RB

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2S

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2SB

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2T

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2TB

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2U

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2UB

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1A

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1AI

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1AR

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1B

Date Issued:Nov 22, 2019
Rating Action:UR-Pos.
Ratings:B (low) (sf)
Trend:--
Rating Recovery:
Issued:US

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Freddie Mac STACR Trust 2019-DNA1

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