NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of mortgage backed notes as well as the Variable Funding Note (VFN) from Cascade Funding Mortgage Trust 2018-RM2 (CFMT 2018-RM2), the first publicly-rated issuance of RMBS backed by active proprietary reverse mortgages since 2007. CFMT 2018-RM2 is a securitization of 915 active, proprietary reverse mortgage loans originated between 2002 and 2008 with an average of 132 months of seasoning. The $
