KBRA assigns preliminary ratings to ten classes of mortgage pass-through certificates from CROSS 2025-H4 Mortgage Trust, an RMBS transaction issued under the CROSS shelf, where Hildene in affiliation with CrossCountry Mortgage and CrossCountry Capital sponsored the transaction. The $453.9 million transaction is collateralized by a pool of 895 residential mortgages originated by CCM, including a meaningful concentration of collateral that KBRA considers to be “non-prime”, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 84.5% and 15.5% of the pool, respectively.
Financial Technology Insights: Achieve Adopts FICO Score 10 T to Broaden Loan Access
KBRA’s rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), 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.
Financial Technology Insights: Wells Fargo & HOPE Offer Free Coaching to Small Businesses
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source: businesswire
