fbpx

KBRA Assigns Preliminary Ratings to CIM Trust 2019-INV3

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 31 classes of mortgage pass-through certificates from CIM Trust 2019-INV3, a prime RMBS transaction, the third from Chimera Investment Corporation and backed almost exclusively by agency-eligible investment-purpose mortgage loans.

The CIM Trust 2019-INV3 mortgage pool is composed of 1,405 first-lien mortgage loans with an aggregate principal balance of $353,199,021 as of the cut-off date. The underlying collateral consists entirely of fully amortizing, fixed-rate mortgages. The pool is characterized by substantial borrower equity in each mortgaged property, as evidenced by the WA original LTV of 68.3% and WA original CLTV of 68.3%. The weighted average original credit score is 769, which is within the prime mortgage range.

KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its Residential Mortgage Default and Loss Model, an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction’s payment structure, reviews of key transaction parties and an assessment of the transaction’s legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology.

To access ratings, reports and disclosures, click here.

Related Publications: (available at www.kbra.com)

CONNECT WITH KBRA

Twitter

LinkedIn

Download the iOS App

YouTube

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. 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 and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Analytical:

Armine Karajyan, Associate Director

(646) 731-1210

[email protected]

Hannah Brennan, Analyst

(646) 731-3324

[email protected]

Fei Han, Analyst

(646) 731-2342

[email protected]

Jack Kahan, Senior Managing Director

(646) 731-2486

[email protected]

leverton

Content is the most important part of having quality links to your website. With Area-Info.net, we provide a quality location to share your story and include links to your website to help you grow. If you would like to learn more, visit this page to see how you can use Area-Info.net to rank higher and quicker in search engines. Contact me directly at [email protected] with any questions, or to schedule speaking engagements.

You May Also Like