Verus Securitization Trust 2020-3: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on Verus Securitization Trust 2020-3 (Verus 2020-3 or the trust), a securitization of a portfolio of fixed- and adjustable-rate, expanded prime and nonprime, first-lien residential mortgages funded by the issuance of the Mortgage Pass-Through Certificates, Series 2020-3 (the Certificates). The Certificates are backed by 256 mortgage loans with a total principal balance of $126,465,372 as of the Cut-Off Date (June 1, 2020).