Press Release

Morningstar DBRS Takes Credit Rating Actions on 25 U.S. RMBS Transactions

RMBS
August 09, 2024

DBRS, Inc. (Morningstar DBRS) reviewed 683 classes from 25 U.S. residential mortgage-backed securities (RMBS) transactions. This review consists of 25 transactions generally-classified as Prime. Of the 683 classes reviewed, Morningstar DBRS upgraded 68 credit ratings and confirmed 615 credit ratings.

The credit rating upgrades reflect positive performance trends and increases in credit support sufficient to withstand stresses at their new credit rating levels. The credit rating confirmations reflect asset performance and credit-support levels that are consistent with the current credit ratings.

Morningstar DBRS' credit ratings on the applicable classes address the credit risk associated with the identified financial obligations in accordance with the relevant transaction documents. Where applicable, a description of these financial obligations can be found in the transactions' respective press releases at issuance.

The transaction assumptions consider Morningstar DBRS' baseline macroeconomic scenarios for rated sovereign economies, available in its commentary "Baseline Macroeconomic Scenarios for Rated Sovereigns June 2024 Update" published on June 28, 2024, (https://dbrs.morningstar.com/research/435206/baseline-macroeconomic-scenarios-for-rated-sovereigns-june-2024-update) These baseline macroeconomic scenarios replace Morningstar DBRS' moderate and adverse coronavirus pandemic scenarios, which were first published in April 2020.

The credit rating actions are the result of Morningstar DBRS' application of its "U.S. RMBS Surveillance Methodology," published on June 28, 2024.

Morningstar DBRS' long-term credit ratings provide opinions on risk of default. Morningstar DBRS considers risk of default to be the risk that an issuer will fail to satisfy the financial obligations in accordance with the terms under which a long-term obligation has been issued. The Morningstar DBRS short-term debt credit rating scale provides an opinion on the risk that an issuer will not meet its short-term financial obligations in a timely manner.

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE CONSIDERATIONS

Environmental (E) Factors
There were no Environmental factor(s) that had a relevant or significant effect on the credit analysis.

Social (S) Factors
There were no Social factor(s) that had a relevant or significant effect on the credit analysis.

Governance (G) Factors
There were no Governance factor(s) that had a relevant or significant effect on the credit analysis.

A description of how Morningstar DBRS considers ESG factors within the Morningstar DBRS analytical framework can be found in the Morningstar DBRS Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings (January 23, 2024), https://dbrs.morningstar.com/research/427030/morningstar-dbrs-criteria-approach-to-environmental-social-and-governance-risk-factors-in-credit-ratings.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal methodologies applicable to the credit ratings are U.S. RMBS Surveillance Methodology (June 28, 2024) https://dbrs.morningstar.com/research/435291/us-rmbs-surveillance-methodology. Other methodologies referenced in these transactions are listed at the end of this press release.

The credit ratings assigned to the classes below materially deviate from the credit ratings implied by the predictive model. Morningstar DBRS typically expects there to be a substantial likelihood that a reasonable investor or other user of the credit ratings would consider a three-notch or more deviation from the credit rating stress(es) implied by the predictive model to be a significant factor in evaluating the credit ratings. The rationale for the material deviations are as follows:

The below tranches materially deviate because actual deal or tranche performance is not fully reflected in projected cashflows / model output:

-- JP Morgan Mortgage Trust 2017-3, Mortgage Pass-Through Certificates, Series 2017-3, Class B-5
-- JP Morgan Mortgage Trust 2017-6, Mortgage Pass-Through Certificates, Series 2017-6, Class B-5
-- JP Morgan Mortgage Trust 2018-3, Mortgage Pass-Through Certificates, Series 2018-3, Class B-5
-- JP Morgan Mortgage Trust 2018-4, Mortgage Pass-Through Certificates, Series 2018-4, Class B-5
-- JP Morgan Mortgage Trust 2018-8, Mortgage Pass-Through Certificates, Series 2018-8, Class B-5
-- JP Morgan Mortgage Trust 2019-2, Mortgage Pass-Through Certificates, Series 2019-2, Class B-5
-- JP Morgan Mortgage Trust 2019-LTV1, Mortgage Pass-Through Certificates, Series 2019-LTV1, Class B-5
-- JP Morgan Mortgage Trust 2021-LTV2, Mortgage Pass-Through Certificates, Series 2021-LTV2, Class M-1
-- JP Morgan Mortgage Trust 2021-LTV2, Mortgage Pass-Through Certificates, Series 2021-LTV2, Class B-1
-- JP Morgan Mortgage Trust 2021-LTV2, Mortgage Pass-Through Certificates, Series 2021-LTV2, Class B-2

The credit rating was initiated at the request of the rated entity. The credit rating was not initiated at the request of a third party.

The rated entity or its related entities did participate in the credit rating process for this credit rating action.

Morningstar DBRS had access to the accounts, management and other relevant internal documents of the rated entity or its related entities in connection with this credit rating action.

This is a solicited credit rating.

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

The credit rating methodologies used in the analysis of this transaction can be found at: https://www.dbrsmorningstar.com/about/methodologies.

RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology (June 28, 2024; https://dbrs.morningstar.com/research/435279/rmbs-insight-13-us-residential-mortgage-backed-securities-model-and-rating-methodology)

Interest Rate Stresses for U.S. Structured Finance Transactions (February 26, 2024; https://dbrs.morningstar.com/research/428623/interest-rate-stresses-for-us-structured-finance-transactions)

Legal Criteria for U.S. Structured Finance (April 15, 2024; https://dbrs.morningstar.com/research/431205/legal-criteria-for-us-structured-finance)

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

Ratings

  • J.P. Morgan Mortgage Trust 2013-3 Mortgage Pass-Through Certificates, Series 2013-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Class A-1AAA (sf)--Confirmed
    US
    09-Aug-24Class A-10AAA (sf)--Confirmed
    US
    09-Aug-24Class A-11AAA (sf)--Confirmed
    US
    09-Aug-24Class A-2AAA (sf)--Confirmed
    US
    09-Aug-24Class A-3AAA (sf)--Confirmed
    US
    09-Aug-24Class A-4AAA (sf)--Confirmed
    US
    09-Aug-24Class A-6AAA (sf)--Confirmed
    US
    09-Aug-24Class A-IO1AAA (sf)--Confirmed
    US
    09-Aug-24Class A-IO3AAA (sf)--Confirmed
    US
    09-Aug-24Class A-IO4AAA (sf)--Confirmed
    US
    09-Aug-24Class A-IO5AAA (sf)--Confirmed
    US
    09-Aug-24Class A-MAAA (sf)--Confirmed
    US
    09-Aug-24Class B-3AAA (sf)--Confirmed
    US
    09-Aug-24Class B-4AAA (sf)--Upgraded
    US
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  • J.P. Morgan Mortgage Trust 2014-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 1-A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 1-A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 1-A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 1-A-4AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 1-A-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 1-A-6AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 1-X-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 2-A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 2-A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 2-A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 2-X-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-2, Class 2-X-2AAA (sf)--Confirmed
    US
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  • J.P. Morgan Mortgage Trust 2014-IVR3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class 2-A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class 2-A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class 2-A-IOAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class 3-A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class 3-A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class 3-A-IOAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class A-MAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class B-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class B-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class B-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2014-IVR3, Class B-4AAA (sf)--Upgraded
    US
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  • J.P. Morgan Mortgage Trust 2015-1

  • J.P. Morgan Mortgage Trust 2015-6

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-10AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-11AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-12AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-13AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-14AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-4AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-9AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-6AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2015-6, Class A-X-8AAA (sf)--Confirmed
    US
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  • J.P. Morgan Mortgage Trust 2016-1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-10AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-11AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-12AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-4AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-9AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-X-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-X-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-X-6AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-1, Class A-X-7AAA (sf)--Confirmed
    US
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  • J.P. Morgan Mortgage Trust 2016-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-A-10AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-A-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-A-6AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-A-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-A-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-A-9AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-A-MAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-AX-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-AX-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-AX-4AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-AX-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 1-AX-6AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 2-A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 2-A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 2-A-MAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 2-AX-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 2-AX-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class 2-AX-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2016-3, Class A-MAAA (sf)--Confirmed
    US
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  • J.P. Morgan Mortgage Trust 2017-3

  • J.P. Morgan Mortgage Trust 2017-6

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-11AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-12AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-13AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-14AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-4AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-X-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-X-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-X-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-X-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-X-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class A-X-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class B-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class B-2AA (high) (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class B-3AA (low) (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class B-4A (low) (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2017-6, Class B-5BBB (low) (sf)--Upgraded
    US
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  • J.P. Morgan Mortgage Trust 2018-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-11AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-12AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-13AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-14AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-4AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-X-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-X-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-X-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-X-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-X-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class A-X-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class B-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class B-2AAA (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class B-3AA (high) (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class B-4A (low) (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-3, Class B-5BBB (low) (sf)--Upgraded
    US
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  • J.P. Morgan Mortgage Trust 2018-4

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-11AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-12AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-13AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-14AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-4AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-X-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-X-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-X-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-X-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-X-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class A-X-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class B-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class B-2AA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class B-3A (high) (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class B-4BBB (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-4, Class B-5BB (low) (sf)--Upgraded
    US
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  • J.P. Morgan Mortgage Trust 2018-7FRB

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-7FRB, Class A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-7FRB, Class A-1AAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-7FRB, Class A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-7FRB, Class A-2AAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-7FRB, Class A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-7FRB, Class A-3AAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-7FRB, Class A1-IOAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-7FRB, Class A2-IOAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-7FRB, Class A3-IOAAA (sf)--Confirmed
    US
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  • J.P. Morgan Mortgage Trust 2018-8

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-11AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-12AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-13AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-14AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-19AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-20AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-4AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-X-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-X-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-X-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-X-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-X-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class A-X-8AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class B-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class B-2AAA (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class B-3AA (high) (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class B-4A (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2018-8, Class B-5BB (high) (sf)--Upgraded
    US
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  • J.P. Morgan Mortgage Trust 2019-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-10AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-11AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-11-XAAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-12AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-13AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-14AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-15AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-16AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-17AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-5AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-7AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-X-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-X-2AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-X-3AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class A-X-4AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class B-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class B-2AAA (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class B-3AA (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class B-4BBB (high) (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-2, Class B-5BB (high) (sf)--Upgraded
    US
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  • J.P. Morgan Mortgage Trust 2019-INV3

  • J.P. Morgan Mortgage Trust 2019-LTV1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-LTV1, Class B-1AAA (sf)--Confirmed
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-LTV1, Class B-2AAA (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-LTV1, Class B-3AA (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-LTV1, Class B-4A (low) (sf)--Upgraded
    US
    09-Aug-24Mortgage Pass-Through Certificates, Series 2019-LTV1, Class B-5B (high) (sf)--Upgraded
    US
    More
    Less

  • J.P. Morgan Mortgage Trust 2020-3

  • J.P. Morgan Mortgage Trust 2020-INV1

  • J.P. Morgan Mortgage Trust 2020-LTV1

  • J.P. Morgan Mortgage Trust 2020-LTV2

    • Show More Issuers
J.P. Morgan Mortgage Trust 2013-3 Mortgage Pass-Through Certificates, Series 2013-3
J.P. Morgan Mortgage Trust 2014-2
J.P. Morgan Mortgage Trust 2014-IVR3
J.P. Morgan Mortgage Trust 2015-1
J.P. Morgan Mortgage Trust 2015-6
J.P. Morgan Mortgage Trust 2016-1
J.P. Morgan Mortgage Trust 2016-3
J.P. Morgan Mortgage Trust 2017-3
J.P. Morgan Mortgage Trust 2017-6
J.P. Morgan Mortgage Trust 2018-3
J.P. Morgan Mortgage Trust 2018-4
J.P. Morgan Mortgage Trust 2018-7FRB
J.P. Morgan Mortgage Trust 2018-8
J.P. Morgan Mortgage Trust 2019-2
J.P. Morgan Mortgage Trust 2019-INV3
J.P. Morgan Mortgage Trust 2019-LTV1
J.P. Morgan Mortgage Trust 2020-3
J.P. Morgan Mortgage Trust 2020-INV1
J.P. Morgan Mortgage Trust 2020-LTV1
J.P. Morgan Mortgage Trust 2020-LTV2
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.

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