Press Release

DBRS Morningstar Takes Rating Actions on 27 U.S. RMBS Transactions

RMBS
January 27, 2022

DBRS, Inc. (DBRS Morningstar) reviewed 337 classes from 27 U.S. ReREMIC and residential mortgage-backed security (RMBS) transactions. Of the 337 classes reviewed, DBRS Morningstar upgraded 12 ratings, confirmed 127 ratings, downgraded three ratings, and discontinued 195 ratings.

The rating upgrades reflect positive performance trends and increases in credit support sufficient to withstand stresses at their new rating levels. The rating confirmations reflect asset performance and credit-support levels that are consistent with the current ratings. The rating downgrades reflect the unlikely recovery of the bonds’ principal loss amount. The discontinued ratings reflect the transactions exercising their cleanup call option or the full repayment of principal to bondholders.

The pools backing the reviewed ReREMIC and RMBS transactions consist of subprime, ReREMIC, reperforming, non-Qualified Mortgage, prime, and single-family rental collateral.

The ratings assigned to the securities listed below differ from the ratings implied by the quantitative model. DBRS Morningstar considers these differences material deviations; however, in these cases, the ratings on the subject securities may reflect additional seasoning being warranted to substantiate a further upgrade or that the actual deal or tranche performance is not fully reflected in the projected cash flows/model output.

-- CIM Trust 2018-J1, Mortgage Pass-Through Certificates, Series 2018-J1, Class B-3
-- CIM Trust 2019-INV1, Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-3
-- CIM Trust 2019-INV1, Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-4
-- CIM Trust 2019-INV1, Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-5
-- GS Mortgage-Backed Securities Trust 2021-PJ1, Mortgage Pass-Through Certificates, Series 2021-PJ1, Class B-5
-- GS Mortgage-Backed Securities Trust 2021-PJ2, Mortgage Pass-Through Certificates, Series 2021-PJ2, Class B-5
-- MFA 2021-INV1 Trust, Mortgage Pass-Through Certificates, Series 2021-INV1, Class B-1
-- MFA 2021-INV1 Trust, Mortgage Pass-Through Certificates, Series 2021-INV1, Class B-2
-- Verus Securitization Trust 2021-R1, Mortgage-Backed Notes, Series 2021-R1, Class A-3
-- Verus Securitization Trust 2021-R1, Mortgage-Backed Notes, Series 2021-R1, Class M-1
-- Verus Securitization Trust 2021-R1, Mortgage-Backed Notes, Series 2021-R1, Class B-1
-- Verus Securitization Trust 2021-R1, Mortgage-Backed Notes, Series 2021-R1, Class B-2
-- GS Mortgage-Backed Securities Trust 2021-RPL1, Mortgage-Backed Securities Trust 2021-RPL1, Class M-1
-- GS Mortgage-Backed Securities Trust 2021-RPL1, Mortgage-Backed Securities Trust 2021-RPL1, Class M-2
-- GS Mortgage-Backed Securities Trust 2021-RPL1, Mortgage-Backed Securities Trust 2021-RPL1, Class B-1
-- GS Mortgage-Backed Securities Trust 2021-RPL1, Mortgage-Backed Securities Trust 2021-RPL1, Class B-2
-- GS Mortgage-Backed Securities Trust 2021-RPL1, Mortgage-Backed Securities Trust 2021-RPL1, Class A-4
-- GS Mortgage-Backed Securities Trust 2021-RPL1, Mortgage-Backed Securities Trust 2021-RPL1, Class A-5
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class A3
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class A4
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class M2
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class M3A
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class M3B
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class M3
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class B1A
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class B1B
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class B1
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class B2A
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class B2B
-- Mill City Mortgage Loan Trust 2021-NMR1, Mortgage-Backed Securities, Series 2021-NMR1, Class B2

CORONAVIRUS DISEASE (COVID-19) IMPACT
The coronavirus pandemic and the resulting isolation measures have caused an immediate economic contraction, leading to sharp increases in unemployment rates and income reductions for many consumers. DBRS Morningstar saw increases in delinquencies for many RMBS asset classes shortly after the onset of coronavirus.

Such mortgage delinquencies were mostly in the form of forbearance, which are generally short-term payment reliefs that may perform very differently from traditional delinquencies. At the onset of coronavirus, because the option to forbear mortgage payments was so widely available, it drove forbearance to a very high level. When the dust settled, coronavirus-induced forbearance in 2020 performed better than expected, thanks to government aid and good underwriting in the mortgage market in general. Across nearly all RMBS asset classes, delinquencies have been gradually trending down in recent months as the forbearance period comes to an end for many borrowers.

In connection with the economic stress assumed under its baseline scenario (“Baseline Macroeconomic Scenarios For Rated Sovereigns December 2021 Update,” published on December 9, 2021), DBRS Morningstar may assume higher loss expectations for pools with loans on forbearance plans.

The rating actions are the result of DBRS Morningstar’s application of its “U.S. RMBS Surveillance Methodology,” published on February 21, 2020.

ESG CONSIDERATIONS
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.

Notes:
The principal methodologies are U.S. RMBS Surveillance Methodology (February 21, 2020) and RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology (April 1, 2020), which can be found on dbrsmorningstar.com under Methodologies & Criteria.

The DBRS Morningstar Sovereign group releases baseline macroeconomic scenarios for rated sovereigns. DBRS Morningstar analysis considered impacts consistent with the baseline scenarios as set forth in the following report: https://www.dbrsmorningstar.com/research/384482/baseline-macroeconomic-scenarios-application-to-credit-ratings.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on these credits or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

DBRS, Inc.
140 Broadway, 43rd Floor
New York, NY 10005 USA
Tel. +1 212 806-3277

Ratings

  • Agate Bay Mortgage Trust 2014-2

  • Agate Bay Mortgage Trust 2014-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-10Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-12Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-13Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-14Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-5Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-6Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-7Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-X-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-X-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class A-X-3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class B-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class B-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class B-3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2014-3, Class B-4Discontinued--Disc.-Repaid
    US
    More
    Less

  • Angel Oak Mortgage Trust 2019-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage-Backed Certificates, Series 2019-3, Class A-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage-Backed Certificates, Series 2019-3, Class A-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage-Backed Certificates, Series 2019-3, Class A-3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage-Backed Certificates, Series 2019-3, Class B-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage-Backed Certificates, Series 2019-3, Class B-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage-Backed Certificates, Series 2019-3, Class M-1Discontinued--Disc.-Repaid
    US
    More
    Less

  • C-BASS 2005-CB1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22C-BASS Mortgage Loan Asset-Backed Certificates, Series 2005-CB1, Class B-3Discontinued--Disc.-W/drwn, Downgraded
    US
    27-Jan-22C-BASS Mortgage Loan Asset-Backed Certificates, Series 2005-CB1, Class B-4Discontinued--Disc.-W/drwn, Downgraded
    US
    27-Jan-22C-BASS Mortgage Loan Asset-Backed Certificates, Series 2005-CB1, Class B-5Discontinued--Disc.-W/drwn, Downgraded
    US
    27-Jan-22C-BASS Mortgage Loan Asset-Backed Certificates, Series 2005-CB1, Class M-1Discontinued--Disc.-Repaid
    US
    27-Jan-22C-BASS Mortgage Loan Asset-Backed Certificates, Series 2005-CB1, Class M-2Discontinued--Disc.-Repaid
    US
    27-Jan-22C-BASS Mortgage Loan Asset-Backed Certificates, Series 2005-CB1, Class M-3Discontinued--Disc.-Repaid
    US
    More
    Less

  • CIM Trust 2018-J1

  • CIM Trust 2019-INV1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-1AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-11AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-12AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-2AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-2IOAAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-6AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-8AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-9AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-IO1AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-IO3AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-1AA (high) (sf)--Upgraded
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-1AAA (high) (sf)--Upgraded
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-IO1AA (high) (sf)--Upgraded
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-2AA (sf)--Upgraded
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-2AAA (sf)--Upgraded
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-IO2AA (sf)--Upgraded
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-3A (high) (sf)--Upgraded
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-4BBB (high) (sf)--Upgraded
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class B-5BB (sf)--Upgraded
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-10Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-4Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-5Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-INV1, Class A-7Discontinued--Disc.-Repaid
    US
    More
    Less

  • COLT 2019-4 Mortgage Loan Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-4, Class A-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-4, Class A-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-4, Class A-3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-4, Class B-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-4, Class B-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-4, Class M-1Discontinued--Disc.-Repaid
    US
    More
    Less

  • Colony American Finance 2016-2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22CAF 2016-2, Class BDiscontinued--Disc.-Repaid
    US
    27-Jan-22CAF 2016-2, Class CDiscontinued--Disc.-Repaid
    US
    27-Jan-22CAF 2016-2, Class DDiscontinued--Disc.-Repaid
    US
    27-Jan-22CAF 2016-2, Class EDiscontinued--Disc.-Repaid
    US
    27-Jan-22CAF 2016-2, Class FDiscontinued--Disc.-Repaid
    US
    27-Jan-22CAF 2016-2, Class GDiscontinued--Disc.-Repaid
    US
    More
    Less

  • GCAT 2019-NQM1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-NQM1, Class A-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-NQM1, Class A-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-NQM1, Class A-3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-NQM1, Class B-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-NQM1, Class B-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2019-NQM1, Class M-1Discontinued--Disc.-Repaid
    US
    More
    Less

  • GS Mortgage-Backed Securities Trust 2021-PJ1

  • GS Mortgage-Backed Securities Trust 2021-PJ2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-1AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-10AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-2AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-3AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-4AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-5AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-6AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-7AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-8AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-9AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-X-1AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-X-2AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-X-3AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-X-5AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class A-X-7AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class B-1AA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class B-2A (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class B-3BBB (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class B-4BB (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-PJ2, Class B-5B (sf)--Confirmed
    US
    More
    Less

  • GS Mortgage-Backed Securities Trust 2021-RPL1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage-Backed Securities Trust 2021-RPL1, Class A-1AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities Trust 2021-RPL1, Class A-2AA (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities Trust 2021-RPL1, Class A-3AA (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities Trust 2021-RPL1, Class A-4A (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities Trust 2021-RPL1, Class M-1A (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities Trust 2021-RPL1, Class A-5BBB (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities Trust 2021-RPL1, Class M-2BBB (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities Trust 2021-RPL1, Class B-1BB (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities Trust 2021-RPL1, Class B-2B (sf)--Confirmed
    US
    More
    Less

  • GSMSC Resecuritization Trust 2015-8R

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Resecuritization Trust Securities, Series 2015-8R, Class ADiscontinued--Disc.-Repaid
    US
    More
    Less

  • Home Partners of America 2017-1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22HPA 2017-1, Class ADiscontinued--Disc.-Repaid
    US
    27-Jan-22HPA 2017-1, Class BDiscontinued--Disc.-Repaid
    US
    27-Jan-22HPA 2017-1, Class CDiscontinued--Disc.-Repaid
    US
    27-Jan-22HPA 2017-1, Class DDiscontinued--Disc.-Repaid
    US
    27-Jan-22HPA 2017-1, Class EDiscontinued--Disc.-Repaid
    US
    More
    Less

  • Home Partners of America 2018-1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22HPA 2018-1, Class ADiscontinued--Disc.-Repaid
    US
    27-Jan-22HPA 2018-1, Class BDiscontinued--Disc.-Repaid
    US
    27-Jan-22HPA 2018-1, Class CDiscontinued--Disc.-Repaid
    US
    27-Jan-22HPA 2018-1, Class DDiscontinued--Disc.-Repaid
    US
    27-Jan-22HPA 2018-1, Class EDiscontinued--Disc.-Repaid
    US
    More
    Less

  • Invitation Homes 2017-SFR2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22IH 2017-SFR2, Class ADiscontinued--Disc.-Repaid
    US
    27-Jan-22IH 2017-SFR2, Class BDiscontinued--Disc.-Repaid
    US
    27-Jan-22IH 2017-SFR2, Class CDiscontinued--Disc.-Repaid
    US
    More
    Less

  • J.P. Morgan Mortgage Trust 2013-1 Mortgage Pass-Through Certificates, Series 2013-1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 1-A-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 1-A-3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 1-A-4Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 1-A1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-4Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-5Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 2-A-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 2-A-3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 2-A-4Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 2-A1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-4Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-5Discontinued--Disc.-Repaid
    US
    More
    Less

  • J.P. Morgan Mortgage Trust 2013-2 Mortgage Pass-Through Certificates, Series 2013-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-2, Class A-1Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-2, Class A-2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-2, Class A-4Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-2, Class A-6Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-2, Class A-IO2Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-2, Class A-IO3Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-2, Class A-IO4Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-2, Class A-IO5Discontinued--Disc.-Repaid
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2013-2, Class A-MDiscontinued--Disc.-Repaid
    US
    More
    Less

  • MFA 2021-INV1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-INV1, Class A-1AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-INV1, Class A-2AA (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-INV1, Class A-3A (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-INV1, Class M-1BBB (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-INV1, Class B-1BB (sf)--Confirmed
    US
    27-Jan-22Mortgage Pass-Through Certificates, Series 2021-INV1, Class B-2B (sf)--Confirmed
    US
    More
    Less

  • Mill City Mortgage Loan Trust 2021-NMR1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class A1AAA (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class A1AAAA (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class A1BAAA (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class A2AA (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class M1AA (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class A3A (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class M2A (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class A4BBB (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class M3BBB (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class M3ABBB (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class M3BBBB (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class B1BB (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class B1ABB (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class B1BBB (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class B2B (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class B2AB (high) (sf)--Confirmed
    US
    27-Jan-22Mortgage-Backed Securities, Series 2021-NMR1, Class B2BB (high) (sf)--Confirmed
    US
    More
    Less
    • Show More Issuers
Agate Bay Mortgage Trust 2014-2
Agate Bay Mortgage Trust 2014-3
Angel Oak Mortgage Trust 2019-3
C-BASS 2005-CB1 Trust
CIM Trust 2018-J1
CIM Trust 2019-INV1
COLT 2019-4 Mortgage Loan Trust
Colony American Finance 2016-2 Trust
GCAT 2019-NQM1 Trust
GS Mortgage-Backed Securities Trust 2021-PJ1
GS Mortgage-Backed Securities Trust 2021-PJ2
GS Mortgage-Backed Securities Trust 2021-RPL1
GSMSC Resecuritization Trust 2015-8R
Home Partners of America 2017-1 Trust
Home Partners of America 2018-1 Trust
Invitation Homes 2017-SFR2 Trust
J.P. Morgan Mortgage Trust 2013-1 Mortgage Pass-Through Certificates, Series 2013-1
J.P. Morgan Mortgage Trust 2013-2 Mortgage Pass-Through Certificates, Series 2013-2
MFA 2021-INV1 Trust
Mill City Mortgage Loan Trust 2021-NMR1
Show More Issuers
  • 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

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

Related Documents

Methodology Used:

Issuers

Show All

Contacts

Further Inquiries

To speak to members of our Business Development or Media Relations teams, please click here for more information.

More from Morningstar DBRS