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…



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