BRAND-NEW YORK–( COMPANY WIRE)– Kroll Bond Score Firm (KBRA) appoints preliminary rankings to 51 classes of mortgage pass-through certificates from J.P. Morgan Trust 2019 -8 (JPMMT 2019 -8).
J.P. Morgan Mortgage Trust 2019 -8 (JPMMT 2019 -8) is a prime RMBS deal consisting of 872 property mortgages with an aggregate principal balance of $6382 million as of the October 1, 2019 cut-off date. The underlying collateral includes both prime jumbo loans (886%) and high-balance conforming home mortgages (114%), all of which have been designated as Competent Home mortgages (QM).
KBRA’s ranking technique integrated loan-level analysis of the home loan swimming pool through its Residential Home Mortgage Default and Loss Model, an examination of the outcomes from third-party loan file due diligence, capital modeling analysis of the deal’s payment structure, evaluations of key deal celebrations and an assessment of the transaction’s legal structure and paperwork. This analysis is more described in our U.S. RMBS Rating Method.
To access scores, reports and disclosures, click here
Related Publications: (available at www.kbra.com).
- JPMMT 2019 -8 Pre-Sale Report
- JPMMT 2019 -8 Tear Sheet
- JPMMT 2019 -8 Representations and Guarantees Disclosure
- RMBS KBRA Comparative Analytic Tool (KCAT)
- Residential Mortgage Default and Loss Model
- U.S. RMBS Score Methodology for Examining Non-QM Risk
- U.S. RMBS Ranking Methodology
- International Structured Finance Counterparty Approach
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About KBRA and KBRA Europe
KBRA is a full-service credit ranking agency signed up with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated ranking company by the Ontario Securities Commission for providers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is likewise recognized by the National Association of Insurance Commissioners as a Credit Score Provider and is a licensed Credit Score Firm (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Company Europe Limited is registered with ESMA as a CRA.