Digital Media Net - Your Gateway To Digital media Creation. News and information on Digital Video, VR, Animation, Visual Effects, Mac Based media. Post Production, CAD, Sound and Music
Categories: News

KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2019-INV2 (JPMMT 2019-INV2)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to thirty-three classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2019-INV2 (JPMMT 2019-INV2), a prime RMBS transaction, the second from JPMMT backed predominately by non-agency and agency-eligible investment-purpose mortgage loans exempt (97.1%) from Ability-to-Repay (ATR) rules. The remaining 2.9% of the pool are QM Safe Harbor (32 loans) and QM Rebuttable Presumption (1 loan).

The JPMMT 2019-INV2 mortgage pool is composed of 1,176 first-lien mortgage loans with an aggregate principal balance of $ 484,412,316 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 66.1% and WA original CLTV of 66.1%. The weighted average original credit score is 765, 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 Contacts:

Armine Karajyan, Associate Director

(646) 731-1210

akarajyan@kbra.com

Hannah Brennan, Analyst

(646) 731-3324

hbrennan@kbra.com

Jack Kahan, Senior Managing Director

(646) 731-2486

jkahan@kbra.com

Staff

Recent Posts

BNSF Railway builds upon safety record by utilizing virtual reality for training

FORT WORTH, Texas--(BUSINESS WIRE)--As the railway industry continues to power the American economy with sustainable…

2 hours ago

Keypoint Intelligence Unveils the Industry’s First Global DTF Forecast Report: Navigating the Future of Direct-to-Film Technology

March 28, 2024, Fairfield, NJ – Keypoint Intelligence, the global data and market intelligence leader…

9 hours ago

UC Berkeley FHL Vive Center Teams Up with BeamNG

BERKELEY, Calif.--(BUSINESS WIRE)--FHL Vive Center for Enhanced Reality at the University of California, Berkeley, an…

15 hours ago

Mark Cuban Backs Overplay, the No-Code Game Creation Platform, Following Shark Tank Appearance

Overplay Secures Game-Changing Investment from Mark Cuban on Shark Tank, Set to Bring Casual Game…

21 hours ago

Metals Acquisition Limited Provides Notice of 2023 Annual Report and Conference Call Details

ST. HELIER, Jersey--(BUSINESS WIRE)--Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a…

22 hours ago

Approov, PreEmptive Partner For Comprehensive, Effective Mobile Security – Regardless of App Store – to Protect Mobile Ecosystem As EU DMA Takes Effect

EU Digital Markets Act (DMA) demands that developers protect side-loaded apps and apps offered via…

22 hours ago