KBRA Assigns Preliminary Ratings to Sequoia Mortgage Trust 2023-1 (SEMT 2023-1)
NEW YORK--(BUSINESS WIRE)--#KBRA--KBRA assigns preliminary ratings to 55 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2023-1 (SEMT 2023-1), a $332.6 million prime RMBS transaction. The collateral pool, comprising of 355 fixed-rate, fully amortizing loans is characterized by substantial borrower equity, as evidenced by the WA original LTV of…