Towd Point Mortgage Trust 2020-4: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on Towd Point Mortgage Trust 2020-4 (TPMT 2020-4 or the Trust), a securitization of a portfolio of seasoned performing and reperforming primarily first-lien mortgages funded by the issuance of asset-backed notes (the Notes). The Notes are backed by 11,384 loans with a total principal balance of $1,346,306,558 as of the Cut-Off Date (September 30, 2020).