The OCMT 2021-6 mortgage pool is characterized by substantial borrower equity in each mortgaged property, as evidenced by the WA original LTV and WA original CLTV of 68.6% and 68.6%, respectively. The weighted average original credit score is 772, which is well within the prime mortgage range.
KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its
Oceanview Mortgage Trust2021-6 Tear Sheet
- RMBS KBRA Comparative Analytic Tool (KCAT)
U.S.RMBS Rating Methodology
U.S.RMBS Mortgage Default and Loss Model Methodology
- Global Structured Finance Counterparty Methodology
- ESG Global Rating Methodology
Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.
A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.
Information on the meaning of each rating category can be located here.
Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.
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