KBRA Affirms All Rated Classes from NRZ MSR-COLLATERALIZED NOTES, Series 2020-FNT1, Series 2020-FNT2, Series 2021-FNT1 and Series 2021-FNT2 Term Notes
11 Jun 2024 | New York
KBRA affirms all rated classes from NRZ MSR-COLLATERALIZED NOTES, Series 2020-FNT1, Series 2020-FNT2, Series 2021-FNT1 and Series 2021-FNT2 Term Notes. The notes represent the joint and several obligations of the Issuers to make monthly scheduled payments of interest and principal. The transaction is supported by a guarantee by the Guarantor, Rithm (KBRA Ratings BB+/Stable), to cover both timely payments of interest and scheduled principal. The assets represent a portion of the servicing fees payable to NRM as Servicer under the Fannie Mae Lender Contract, the agreement pursuant to which the Servicer performs loan servicing functions and is entitled to retain servicing fees and to collect certain ancillary income in accordance with the Fannie Mae Guide.
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