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09.03.26 - 21:57
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KBRA Assigns Preliminary Ratings to RCKT Mortgage Trust 2026-CES3 (RCKT 2026-CES3) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to 21 classes of mortgage-backed notes from RCKT Mortgage Trust 2026-CES3 (RCKT 2026-CES3).
RCKT Mortgage Trust 2026-CES3 (RCKT 2026-CES3) is a $547.3 million RMBS transaction, as of the cut-off date, sponsored by Woodward Capital Management LLC, a wholly owned affiliate of Rocket Mortgage, LLC, and Loan Funding Structure V LLC, and consists entirely of newly originated closed-end second lien mortgages (CES; 100.0%). The underlying pool is seasoned one month on average and comprises 5,715 loans originated solely by Rocket Mortgage, LLC (Rocket). The collateral is characterized entirely by fully amortizing, fixed-rate mortgages (FRMs) with 10-year (5.3%), 15-year (9.3%), 20-year (55.9%), and 30-year (29.6%) terms.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeli...
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13.02.26 - 23:09
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KBRA Assigns Preliminary Ratings to RCKT Mortgage Trust 2026-CES2 (RCKT 2026-CES2) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to 21 classes of mortgage-backed notes from RCKT Mortgage Trust 2026-CES2 (RCKT 2026-CES2).
RCKT Mortgage Trust 2026-CES2 (RCKT 2026-CES2) is a $551.0 million RMBS transaction, as of the cut-off date, sponsored by Woodward Capital Management LLC, a wholly owned affiliate of Rocket Mortgage, LLC, and Loan Funding Structure VI LLC, and consists entirely of newly originated closed-end second lien mortgages (CES; 100.0%). The underlying pool is seasoned one month on average and comprises 5,867 loans originated solely by Rocket Mortgage, LLC (Rocket). The collateral is characterized entirely by fully amortizing, fixed-rate mortgages (FRMs) with 10-year (4.9%), 15-year (7.7%), 20-year (58.0%), and 30-year (29.4%) terms.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow model...
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