StockNews.AI
C
StockNews.AI
200 days

KBRA Assigns Preliminary Ratings to Citigroup Mortgage Loan Trust 2025-INV1 (CMLTI 2025-INV1)

1. KBRA assigns ratings to 62 mortgage classes from Citigroup. 2. Transaction backed by non-owner occupied and second home properties. 3. 99.9% of loans underwritten to agency guidelines, totaling $351.9 million. 4. 39.8% of loans sourced from Rocket Mortgage, serviced by Fay Servicing. 5. Rating influenced by loan-level analysis and cash flow modeling.

5m saved
Insight
Article

FAQ

Why Bullish?

The strong rating implies confidence in the mortgage-backed security's quality, which can indirectly boost Citigroup's reputation and stock.

How important is it?

This rating could enhance investor confidence, impacting stock performance positively.

Why Short Term?

Immediate market reaction likely, akin to previous successful securitizations impacting stock price.

Related Companies

CRKTFAY
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 62 classes of mortgage pass-through certificates from Citigroup Mortgage Loan Trust 2025-INV1 (CMLTI 2025-INV1), a residential mortgage-backed securities transaction collateralized by non-owner occupied (NOO) investor properties (71.6%) and second homes (28.4%). The loans were predominantly underwritten to agency guidelines (99.9%). The underlying pool consists of 899 fixed-rate mortgages (FRMs) with an aggregate principal balance of approximately $351.9 million as of the cut-off date on January 1, 2025. 39.8% of the loans were sold to the trust by Rocket Mortgage, LLC and 83.9% of the loans will be serviced by Fay Servicing, LLC. 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 ratings and relevant documents, click here. Click here to view the report. Related Publications RMBS KCAT CMLTI 2025-INV1 Tear Sheet Methodologies RMBS: U.S. RMBS Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com. About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1007741

Related News