Credit Rating Report

OBX 2021-J2 Trust: Rating Report

RMBS

Summary

DBRS, Inc. (DBRS Morningstar) finalized the following provisional ratings on the Mortgage-Backed Notes, Series 2021-J2 (the Notes) issued by OBX 2021-J2 Trust (OBX 2021-J2):

-- $325.1 million Class A-1 at AAA (sf)
-- $325.1 million Class A-2 at AAA (sf)
-- $325.1 million Class A-3 at AAA (sf)
-- $243.8 million Class A-4 at AAA (sf)
-- $243.8 million Class A-5 at AAA (sf)
-- $243.8 million Class A-6 at AAA (sf)
-- $81.3 million Class A-7 at AAA (sf)
-- $81.3 million Class A-8 at AAA (sf)
-- $81.3 million Class A-9 at AAA (sf)
-- $260.1 million Class A-10 at AAA (sf)
-- $260.1 million Class A-11 at AAA (sf)
-- $260.1 million Class A-12 at AAA (sf)
-- $65.0 million Class A-13 at AAA (sf)
-- $65.0 million Class A-14 at AAA (sf)
-- $65.0 million Class A-15 at AAA (sf)
-- $16.3 million Class A-16 at AAA (sf)
-- $16.3 million Class A-17 at AAA (sf)
-- $16.3 million Class A-18 at AAA (sf)
-- $44.0 million Class A-19 at AAA (sf)
-- $44.0 million Class A-20 at AAA (sf)
-- $44.0 million Class A-21 at AAA (sf)
-- $369.1 million Class A-22 at AAA (sf)
-- $369.1 million Class A-23 at AAA (sf)
-- $369.1 million Class A-24 at AAA (sf)
-- $369.1 million Class A-X-1 at AAA (sf)
-- $325.1 million Class A-X-2 at AAA (sf)
-- $325.1 million Class A-X-3 at AAA (sf)
-- $325.1 million Class A-X-4 at AAA (sf)
-- $243.8 million Class A-X-5 at AAA (sf)
-- $243.8 million Class A-X-6 at AAA (sf)
-- $243.8 million Class A-X-7 at AAA (sf)
-- $81.3 million Class A-X-8 at AAA (sf)
-- $81.3 million Class A-X-9 at AAA (sf)
-- $81.3 million Class A-X-10 at AAA (sf)
-- $260.1 million Class A-X-11 at AAA (sf)
-- $260.1 million Class A-X-12 at AAA (sf)
-- $260.1 million Class A-X-13 at AAA (sf)
-- $65.0 million Class A-X-14 at AAA (sf)
-- $65.0 million Class A-X-15 at AAA (sf)
-- $65.0 million Class A-X-16 at AAA (sf)
-- $16.3 million Class A-X-17 at AAA (sf)
-- $16.3 million Class A-X-18 at AAA (sf)
-- $16.3 million Class A-X-19 at AAA (sf)
-- $44.0 million Class A-X-20 at AAA (sf)
-- $44.0 million Class A-X-21 at AAA (sf)
-- $44.0 million Class A-X-22 at AAA (sf)
-- $369.1 million Class A-X-23 at AAA (sf)
-- $369.1 million Class A-X-24 at AAA (sf)
-- $369.1 million Class A-X-25 at AAA (sf)
-- $3.8 million Class B-1A at AA (sf)
-- $3.8 million Class B-X-1 at AA (sf)
-- $3.8 million Class B-1 at AA (sf)
-- $5.2 million Class B-2A at A (sf)
-- $5.2 million Class B-X-2 at A (sf)
-- $5.2 million Class B-2 at A (sf)
-- $1.5 million Class B-3 at BBB (sf)
-- $1.1 million Class B-4 at BB (sf)
-- $574.0 thousand Class B-5 at B (sf)

Ratings

OBX 2021-J2 Trust
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • Ratings:BB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Jul 29, 2021
  • Rating Action:Provis.-Final
  • 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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