Verus Securitization Trust 2020-5: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on Verus Securitization Trust 2020-5, a securitization of a portfolio of primarily fixed- and adjustable-rate, expanded prime and nonprime, first-lien residential mortgages funded by the issuance of the Mortgage Pass-Through Certificates, Series 2020-5 (the Certificates). The Certificates are backed by 1,081 mortgage loans with a total principal balance of $424,769,133 as of the Cut-Off Date1 (October 1, 2020).