KBRA Assigns Preliminary Ratings to Sequoia Mortgage Trust 2018-7 (SEMT 2018-7)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to fifty-three classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2018-7 (SEMT 2018-7), a prime RMBS transaction. SEMT 2018-7 contains both prime jumbo (67.2%) and high-balance conforming (32.8%) collateral to borrowers with prime attributes. The SEMT 2018-7 mortgage pool is composed of 497 first-lien mortgage loans with an aggregate principal balance of $329,694,540 as of the cut-off d