Press Release

Morningstar DBRS Takes Credit Rating Actions on 14 U.S. RMBS Transactions

RMBS
May 22, 2025

DBRS, Inc. (Morningstar DBRS) reviewed 447 classes from 14 U.S. residential mortgage-backed securities (RMBS) transactions. Of the 14 transactions reviewed, eight are classified as prime mortgage transactions, five are classified as agency credit-risk transfer transactions and one is classified as a residential transition loan transaction. Of the 447 classes reviewed, Morningstar DBRS upgraded its credit ratings on 91 classes and confirmed its credit ratings on 356 classes.

CREDIT RATING RATIONALE/DESCRIPTION

The credit rating upgrades reflect a positive performance trend and an increase in credit support sufficient to withstand stresses at the new credit rating level. The credit rating confirmations reflect asset performance and credit support levels that are consistent with the current credit ratings.

The transaction assumptions consider Morningstar DBRS' baseline macroeconomic scenarios for rated sovereign economies, available in its commentary "Baseline Macroeconomic Scenarios for Rated Sovereigns March 2025 Update" published on March 26, 2025 (https://dbrs.morningstar.com/research/450604 ). 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 (https://dbrs.morningstar.com/research/435291).

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.

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

There were no Environmental/Social/Governance factors that had a significant or relevant 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 Factors in Credit Ratings (May 16, 2025) at https://dbrs.morningstar.com/research/454196.

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

The principal methodology applicable to the credit ratings is U.S. RMBS Surveillance Methodology (June 28, 2024), https://dbrs.morningstar.com/research/435291.

Other methodologies referenced in this transaction are listed at the end of this press release.

The credit ratings were initiated at the request of the rated entities.

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

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

These are solicited credit ratings.

For more information on Morningstar DBRS' policy regarding the solicitation status of credit ratings, please refer to the Credit Ratings Global Policy, which can be found in the Morningstar DBRS Understanding Ratings section of the website: https://dbrs.morningstar.com/understanding-ratings

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 these transactions can be found at: https://dbrs.morningstar.com/about/methodologies.

-- RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model (Version 1.3.29.0)
https://dbrs.morningstar.com/research/445477

-- Interest Rate Stresses for U.S. Structured Finance Transactions (March 27, 2025)
https://dbrs.morningstar.com/research/450750
-- Legal Criteria for U.S. Structured Finance (December 3, 2024), https://dbrs.morningstar.com/research/444064

-- Operational Risk Assessment for U.S. RMBS Originators and Servicers (September 30, 2024)
https://dbrs.morningstar.com/research/440086

For more information on this credit or on this industry, visit dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.

Ratings

  • Freddie Mac STACR REMIC Trust 2021-DNA5

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2A (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2BA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2BIA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2BRA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2BSA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2BTA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2BUA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2IA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2RA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2RBA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2SA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2SBA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2TA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2TBA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2UA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class M-2UBA (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class B-1ABBB (high) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class B-1AIBBB (high) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class B-1ARBBB (high) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class B-1BBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2021-DNA5 Notes, Class B-1BBBB (sf)--Confirmed
    US
    More
    Less

  • Freddie Mac STACR REMIC Trust 2022-DNA5

  • Freddie Mac STACR REMIC Trust 2022-HQA2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-1AA (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-1BBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2ABB (high) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2AIBB (high) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2ARBB (high) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2ASBB (high) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2ATBB (high) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2AUBB (high) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2BB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2BBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2BIBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2BRBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2BSBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2BTBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2BUBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2IBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2RBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2RBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2SBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2SBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2TBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2TBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2UBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2022-HQA2 Notes, Class M-2UBBB (sf)--Confirmed
    US
    More
    Less

  • Freddie Mac STACR REMIC Trust 2023-HQA1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-1AA (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-1BBBB (high) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2ABBB (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2AIBBB (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2ARBBB (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2ASBBB (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2ATBBB (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2AUBBB (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2BBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2BBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2BIBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2BRBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2BSBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2BTBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2BUBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2IBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2RBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2RBBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2SBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2SBBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2TBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2TBBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2UBBB (low) (sf)--Upgraded
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA1 Notes, Class M-2UBBBB (low) (sf)--Upgraded
    US
    More
    Less

  • Freddie Mac STACR REMIC Trust 2023-HQA2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-1AA (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-1BBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2ABBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2AIBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2ARBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2ASBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2ATBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2AUBBB (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2BBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2BBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2BIBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2BRBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2BSBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2BTBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2BUBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2IBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2RBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2RBBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2SBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2SBBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2TBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2TBBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2UBBB (low) (sf)--Confirmed
    US
    22-May-25Structured Agency Credit Risk (STACR) REMIC 2023-HQA2 Notes, Class M-2UBBBB (low) (sf)--Confirmed
    US
    More
    Less

  • J.P. Morgan Mortgage Trust 2020-4

  • J.P. Morgan Mortgage Trust 2020-5

  • J.P. Morgan Mortgage Trust 2020-7

  • J.P. Morgan Mortgage Trust 2020-8

  • NYMT Loan Trust Series 2024-BPL2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-May-25Mortgage-Backed Notes, Series 2024-BPL2, Class A1A (low) (sf)--Confirmed
    US
    22-May-25Mortgage-Backed Notes, Series 2024-BPL2, Class A2BBB (low) (sf)--Confirmed
    US
    22-May-25Mortgage-Backed Notes, Series 2024-BPL2, Class MBB (low) (sf)--Confirmed
    US
    More
    Less

  • SoFi Mortgage Trust Series 2016-1

  • Wells Fargo Mortgage Backed Securities 2019-1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-1AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-10AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-15AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-16AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-17AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-18AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-19AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-2AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-20AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-5AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-6AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-9AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-IO1AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-IO10AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-IO11AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-IO2AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-IO4AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-IO6AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class A-IO9AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class B-1AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class B-2AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class B-3AA (high) (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-1, Class B-4AA (sf)--Upgraded
    US
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  • Wells Fargo Mortgage Backed Securities 2019-3 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-1AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-10AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-15AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-16AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-17AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-18AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-19AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-2AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-20AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-5AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-6AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-9AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-IO1AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-IO10AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-IO11AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-IO2AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-IO4AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-IO6AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class A-IO9AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class B-1AAA (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class B-2AA (high) (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class B-3A (high) (sf)--Confirmed
    US
    22-May-25Mortgage Pass-Through Certificates, Series 2019-3, Class B-4A (low) (sf)--Confirmed
    US
    More
    Less

  • Wells Fargo Mortgage Backed Securities 2020-5 Trust

Freddie Mac STACR REMIC Trust 2021-DNA5
Freddie Mac STACR REMIC Trust 2022-DNA5
Freddie Mac STACR REMIC Trust 2022-HQA2
Freddie Mac STACR REMIC Trust 2023-HQA1
Freddie Mac STACR REMIC Trust 2023-HQA2
J.P. Morgan Mortgage Trust 2020-4
J.P. Morgan Mortgage Trust 2020-5
J.P. Morgan Mortgage Trust 2020-7
J.P. Morgan Mortgage Trust 2020-8
NYMT Loan Trust Series 2024-BPL2
SoFi Mortgage Trust Series 2016-1
Wells Fargo Mortgage Backed Securities 2019-1 Trust
Wells Fargo Mortgage Backed Securities 2019-3 Trust
Wells Fargo Mortgage Backed Securities 2020-5 Trust
  • 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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