KBRA Assigns Preliminary Ratings to Sequoia Mortgage Trust 2017-CH2 (SEMT 2017-CH2)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 58 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2017-CH2 (SEMT 2017-CH2), Redwood’s second prime issuance to contain a significant concentration of loans that KBRA considers to be “expanded-prime.” The SEMT 2017-CH2 mortgage pool comprises 423 first-lien mortgage loans with an aggregate principal balance of $320,295,254, as of the cut-off date. The underlying collateral consist