KBRA Assigns Preliminary Ratings to PSMC 2019-1 Trust (PSMC 2019-1)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 42
classes of mortgage pass-through certificates from PSMC 2019-1 Trust
(PSMC 2019-1), a prime jumbo RMBS transaction jointly sponsored by
subsidiaries of American International Group, Inc. (AIG).

The PSMC 2019-1 pool comprises 472 first-lien, prime residential
mortgage loans with an aggregate principal balance of $295,989,396 as of
the cut-off date. The collateral consists entirely of fully amortizing,
30-year fixed rate mortgages (FRMs). The pool is characterized by
significant borrower equity in each mortgaged property, as evidenced by
the WA original LTV and WA original CLTV of 72.5%. The weighted average
original credit score is 773, which is well within the prime mortgage

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)


the iOS App


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.


Cariello, Director
(646) 731-2494
[email protected]

Kahan, Managing Director
(646) 731-2486
[email protected]

Han, Analyst
(646) 731-2342
[email protected]


I have been involved with publishing and marketing for the past 37 years. My passion is helping people share their voice. I am able to do this through two important venues: One, with Area-Info.net where people can share everything from opinions to events to news. It is your choice! What do you want to share? Two, through a new program called America's Real Deal I am involved with to help business owners get their voice heard. For people who love to save money and earn while saving, there is a new program called the r network. You are provided with a card that entitles the user to automatic savings on more than 300,000 products. Learn more about the revv card today. This is by invitation only to be some of the first people to get this card. I schedule speaking engagements with community groups and business groups to share my passion about the importance of "sharing your voice". Contact me directly at [email protected] for scheduling information.

You May Also Like