Press Release

DBRS Morningstar Takes Rating Actions on 29 U.S. RMBS Transactions

RMBS
December 27, 2022

DBRS, Inc. (DBRS Morningstar) reviewed 674 classes from 29 U.S. residential mortgage-backed security (RMBS) transactions. Of the 674 classes reviewed, DBRS Morningstar upgraded 427 ratings, confirmed 217 ratings, and discontinued 30 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 discontinued ratings reflect the full repayment of principal to bondholders.

The pools backing the reviewed RMBS transactions consist of prime Fannie Mae and Freddie Mac 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.

-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2C-I1
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2C-I2
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2C-I3
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2C-I4
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2E-C1
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2E-C2
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2E-C3
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2E-C4
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2E-F1
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2E-F2
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2E-F3
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2E-F4
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2E-F5
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-J1
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-J2
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-J3
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-J4
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-K1
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-K2
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-K3
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-K4
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2M-2
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2M-2C
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2M-2X
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2M-2Y
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-Y1
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-Y2
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-Y3
-- Connecticut Avenue Securities, Series 2019-R01, The Connecticut Avenue Securities, Series 2019-RO1 Notes, Class 2-Y4
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1C-I1
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1C-I2
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1C-I3
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1C-I4
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1E-C1
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1E-C2
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1E-C3
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1E-C4
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1E-F1
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1E-F2
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1E-F3
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1E-F4
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1E-F5
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-J1
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-J2
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-J3
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-J4
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-K1
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-K2
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-K3
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-K4
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1M-2
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1M-2C
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1M-2X
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1M-2Y
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-Y1
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-Y2
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-Y3
-- Connecticut Avenue Securities, Series 2019-R02, The Connecticut Avenue Securities, Series 2019-RO2 Notes, Class 1-Y4
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1C-I1
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1C-I2
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1C-I3
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1C-I4
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1E-C1
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1E-C2
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1E-C3
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1E-C4
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1E-F1
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1E-F2
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1E-F3
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1E-F4
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1E-F5
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-J1
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-J2
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-J3
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-J4
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-K1
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-K2
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-K3
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-K4
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1M-2
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1M-2C
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1M-2X
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1M-2Y
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-Y1
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-Y2
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-Y3
-- Connecticut Avenue Securities, Series 2019-R03, The Connecticut Avenue Securities, Series 2019-RO3 Notes, Class 1-Y4
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2C-I1
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2C-I2
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2C-I3
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2C-I4
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2E-C1
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2E-C2
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2E-C3
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2E-C4
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2E-F1
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2E-F2
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2E-F3
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2E-F4
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2E-F5
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-J1
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-J2
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-J3
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-J4
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-K1
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-K2
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-K3
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-K4
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2M-2
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2M-2C
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2M-2X
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2M-2Y
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-Y1
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-Y2
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-Y3
-- Connecticut Avenue Securities, Series 2019-R06, The Connecticut Avenue Securities, Series 2019-RO6 Notes, Class 2-Y4
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1C-I1
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1C-I2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1C-I3
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1C-I4
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1E-C1
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1E-C2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1E-C3
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1E-C4
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1E-F1
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1E-F2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1E-F3
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1E-F4
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1E-F5
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1M-2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1M-2C
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1Y1
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1Y2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1Y3
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C03, Class 1Y4
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1C-I1
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1C-I2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1C-I3
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1C-I4
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1E-C1
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1E-C2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1E-C3
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1E-C4
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1E-F1
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1E-F2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1E-F3
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1E-F4
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1E-F5
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1M-2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1M-2C
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1-Y1
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1-Y2
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1-Y3
-- Fannie Mae, Connecticut Avenue Securities, Series 2017-C05, Class 1-Y4
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1C-I1
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1C-I2
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1C-I3
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1C-I4
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1E-C1
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1E-C2
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1E-C3
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1E-C4
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1E-F 3
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1E-F1
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1E-F2
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1E-F4
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1E-F5
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1M-2
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1M-2C
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1-Y1
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1-Y2
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1-Y3
-- Fannie Mae, Connecticut Avenue Securities, Series 2018-C05, Class 1-Y4
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2B-I1
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2B-I2
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2B-I3
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2B-I4
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2C-I1
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2C-I2
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2C-I3
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2C-I4
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-B1
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-B2
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-B3
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-B4
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-C1
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-C2
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-C3
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-C4
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-D1
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-D2
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-D3
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-D4
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-D5
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-F1
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-F2
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-F3
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-F4
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2E-F5
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2M-2
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2M-2B
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2M-2C
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2-X1
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2-X2
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2-X3
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2-X4
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2-Y1
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2-Y2
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2-Y3
-- Fannie Mae, The Connecticut Avenue Securities, Series 2018-C04 Notes, Class 2-Y4
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class B-1
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class B-1A
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class B-1AI
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class B-1AR
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class B-1B
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2B
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2BI
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2BR
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2BS
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2BT
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2BU
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2I
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2R
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2RB
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2S
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2SB
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2T
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2TB
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2U
-- Freddie Mac STACR REMIC Trust 2020-DNA2, Structured Agency Credit Risk (STACR) REMIC 2020-DNA2 Notes, Class M-2UB
-- Freddie Mac STACR REMIC Trust 2021-DNA2, Structured Agency Credit Risk (STACR) REMIC 2021-DNA2 Notes, Class B-1A
-- Freddie Mac STACR REMIC Trust 2021-DNA2, Structured Agency Credit Risk (STACR) REMIC 2021-DNA2 Notes, Class B-1AI
-- Freddie Mac STACR REMIC Trust 2021-DNA2, Structured Agency Credit Risk (STACR) REMIC 2021-DNA2 Notes, Class B-1AR
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1A
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1AI
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1AR
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class B-1B
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2A
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AI
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AR
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AS
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AT
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2AU
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2B
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BI
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BR
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BS
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BT
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2BU
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2I
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2R
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2RB
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2S
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2SB
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2T
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2TB
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2U
-- Freddie Mac STACR Trust 2019-DNA1, Structured Agency Credit Risk (STACR) 2019-DNA1 Notes, Class M-2UB
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M-3B
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2B
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BI
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BR
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BS
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BT
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2BU
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2I
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2R
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2S
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2T
-- Freddie Mac, Structured Agency Credit Risk Debt Notes, Series 2017-DNA3, Class M-2U
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2B
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2BI
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2BR
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2BS
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2BT
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2BU
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2I
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2R
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2S
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2T
-- Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Structured Agency Credit Risk Debt Notes, Series 2017-DNA2, Class M-2U
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2B
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2BD
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2BI
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2BR
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2BS
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2BT
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2BU
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2D
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2I
-- Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Structured Agency Credit Risk Debt Notes, Series 2017-HRP1, Class M-2R
-- St

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.