May 11, 2021
Business News

KBRA Assigns Preliminary Ratings to PRMI Securitization Trust 2021-1 (PRMI 2021-1)

NEW YORK–()–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 48 classes of mortgage pass-through certificates from PRMI Securitization Trust 2021-1 (PRMI 2021-1), a prime RMBS transaction.

PRMI 2021-1 represents the first RMBS transaction issued by PR Mortgage Investment, LP (PRMI) through its PRMI shelf. The underlying pool comprises 100% agency-eligible, fully amortizing, fixed-rate mortgages with properties located solely in California and originated by a single originator Owning Corporation (Owning). This prime RMBS transaction is collateralized by a pool of 710 residential mortgage loans with an aggregate stated principal balance of approximately $479.3 million, as of the cut-off date. The…

Click here to view the original article.

Related Posts

You might also like ...

ServiceNow Introduces New Capabilities to Employee Workflows as Organizations Prepare for the New Era of Work
Tangoe Recognized as a Visionary in the 2021 Gartner Magic Quadrant for Managed Mobility Services, Global
ZoomInfo to Host Virtual Investor and Analyst Day on June 14, 2021; Executives to Participate in Upcoming Investor Conferences