KBRA Assigns Preliminary Ratings to GS Mortgage-Backed Securities Trust 2024-PJ5 (GSMBS 2024-PJ5)
9 May 2024 | New York
KBRA assigns preliminary ratings to 56 classes of mortgage pass-through notes from GS Mortgage-Backed Securities Trust 2024-PJ5 (GSMBS 2024-PJ5). The transaction is backed by primarily prime jumbo mortgages with an aggregate principal balance of approximately $403.4 million as of the cut-off date. The pool comprises 398 first-lien, fixed rate residential mortgage loans as of the May 1, 2024 cut-off date. The pool is characterized by significant borrower equity in each mortgaged property, as evidenced by the WA original LTV and WA original CLTV of 69.5% and 69.6%. The weighted average original credit score is 772, which is within the prime mortgage range.
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