Kroll Bond Rating Agency Assigns Preliminary Ratings to Shellpoint Co-Originator Mortgage Trust 2017-1 (SCOT 2017-1)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 53 classes of mortgage pass-through certificates from Shellpoint Co-Originator Mortgage Trust 2017-1 (SCOT 2017-1), a prime jumbo RMBS transaction. The SCOT 2017-1 mortgage pool comprises 392 first-lien residential loans with an aggregate principal balance of $280,375,649 as of the cut-off date. The collateral consists mostly of fixed rate mortgages (FRMs), with 30-year and 15-year collateral making up 99.