NEW YORK–(BUSINESS WIRE)–#creditratingagency–KBRA assigns preliminary ratings to 55 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2024-1 (SEMT 2024-1), a $440.9 million prime RMBS transaction. The pool consists mainly of fully amortizing fixed rate mortgages with 30-year maturity terms (99.4%). The collateral is characterized by a weighted average (WA) original credit score of 773 and moderate borrower equity, with a WA original LTV and WA original CLTV of 69.1% and 69.2%, respectively.
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Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.
Doc ID: 1002932
Ryon Aguirre, Senior Director (Lead Analyst)
Jules Brunier, Senior Analyst
Jack Kahan, Senior Managing Director, Head of Global RMBS (Rating Committee Chair)
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Daniel Stallone, Senior Director