RMF Proprietary Issuance Trust 2021-1: Rating Report

Summary

DBRS Morningstar finalized provisional ratings on each class of notes of RMF Proprietary Issuance Trust 2021-1 by performing a quantitative and qualitative collateral, structural, and legal analysis. This analysis used a reverse mortgage iterative model developed for the purposes of rating this transaction. The model produced vectors based on loan-level information and DBRS Morningstar subjected these vectors to a variety of stresses.

Available Documents

RMF Proprietary Issuance Trust 2021-1: Rating Report

Jun 04, 2021

RMBS

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
04-Jun-21	Asset-Backed Notes, Series 2021-1, Class A	AAA (sf)	--	Provis.-Final	US
04-Jun-21	Asset-Backed Notes, Series 2021-1, Class M-1	AA (sf)	--	Provis.-Final	US
04-Jun-21	Asset-Backed Notes, Series 2021-1, Class M-2	A (sf)	--	Provis.-Final	US
04-Jun-21	Asset-Backed Notes, Series 2021-1, Class M-3	BBB (sf)	--	Provis.-Final	US

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RMF Proprietary Issuance Trust 2021-1

Asset-Backed Notes, Series 2021-1, Class A

Date Issued:Jun 4, 2021
Rating Action:Provis.-Final
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Notes, Series 2021-1, Class M-1

Date Issued:Jun 4, 2021
Rating Action:Provis.-Final
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Notes, Series 2021-1, Class M-2

Date Issued:Jun 4, 2021
Rating Action:Provis.-Final
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Notes, Series 2021-1, Class M-3

Date Issued:Jun 4, 2021
Rating Action:Provis.-Final
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

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RMF Proprietary Issuance Trust 2021-1: Rating Report

Summary

Available Documents