KBRA Assigns Ratings to Morgan Stanley Residential Mortgage Loan Trust 2024-3 (MSRM 2024-3)
8 Aug 2024 | New York
KBRA assigns ratings to 31 classes of mortgage pass-through certificates from Morgan Stanley Residential Mortgage Loan Trust 2024-3 (MSRM 2024-3). MSRM 2024-3 is comprised of 435 residential mortgages with an aggregate principal balance of $386.5 million as of the July 1, 2024 cut-off date. The majority of the underlying collateral includes prime jumbo non-conforming loans, 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 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.
To access rating and relevant documents, click here.
Click here to view the report.