RMBS: U.S. Residential Transition Loan Securitization Rating Methodology

Executive Summary

This document describes KBRA’s methodology for rating structured finance transactions backed by U.S. Residential Transition Loans (RTLs). The key components of KBRA’s U.S. Residential Transition Loan Securitization Rating Methodology include the following:

KBRA employs judgment in the application of all our methodologies, which are developed with the goal of producing credit ratings that perform in accordance with KBRA’s published rating definitions. This may result in situations where certain aspects of the methodology are not employed, de-emphasized, or modified to address additional considerations in the analytical process, where deemed appropriate.

In conjunction with this…