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KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2020-1 (JPMMT 2020-1)

January 22, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Jan 22, 2020--

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 51 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2020-1 (JPMMT 2020-1).

J.P. Morgan Mortgage Trust 2020-1 (JPMMT 2020-1) is a prime RMBS transaction comprising 1,056 residential mortgages with an aggregate principal balance of $776.6 million as of the January 1, 2020 cut-off date. The underlying collateral includes both prime jumbo loans (74.3%) and high-balance conforming mortgages (25.7%), all of which have been designated as Qualified Mortgages (QM).

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 )

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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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200122005856/en/

CONTACT: Analytical Contacts:

Armine Karajyan, Associate Director

(646) 731-1210

akarajyan@kbra.comJack Kahan, Senior Managing Director

(646) 731-2486

jkahan@kbra.comThomas Reilly, Analyst

(646) 731-2317

treilly@kbra.comBusiness Development Contact:

Michele Patterson, Managing Director

(646) 731-2397

mpatterson@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2020.

PUB: 01/22/2020 05:38 PM/DISC: 01/22/2020 05:38 PM

http://www.businesswire.com/news/home/20200122005856/en