Presale

Verus Securitization Trust 2021-R3: Presale Report

RMBS

Summary

DBRS, Inc. (DBRS Morningstar) assigned its provisional ratings to Verus Securitization Trust 2021-R3, a securitization of a portfolio of seasoned fixed- and adjustable-rate, expanded prime and nonprime, first-lien residential mortgages funded by the issuance of the Mortgage-Backed Notes, Series 2021-R3 (the Notes). The Notes are backed by 1,187 mortgage loans with a total principal balance of $456,322,141 as of the Cut-Off Date (May 1, 2021).

Ratings

Verus Securitization Trust 2021-R3
  • Date Issued:May 14, 2021
  • Rating Action:Provis.-New
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 14, 2021
  • Rating Action:Provis.-New
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 14, 2021
  • Rating Action:Provis.-New
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 14, 2021
  • Rating Action:Provis.-New
  • Ratings:BBB (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 14, 2021
  • Rating Action:Provis.-New
  • Ratings:BB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 14, 2021
  • Rating Action:Provis.-New
  • Ratings:B (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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