KBRA Assigns Preliminary Ratings to Sequoia Mortgage Trust 2018-CH1 (SEMT 2018-CH1)

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns ratings to 58 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2018-CH1 (SEMT 2018-CH1), Redwood’s third prime issuance to contain a significant concentration of loans that KBRA considers to be “expanded-prime.” The SEMT 2018-CH1 mortgage pool comprises 591 first-lien mortgage loans with an aggregate principal balance of $444,288,998, as of the cut-off date. The underlying collateral consists entirely of