New York, December 22, 2015 -- Moody's Investors Service, ("Moody's") has assigned definitive ratings to sixteen (16) classes of notes issued by Mill City Mortgage Loan Trust 2015-2 ("MCMLT 2015-2"). The MCMLT 2015-2 transaction is a securitization of seasoned re-performing residential mortgage loans. The securitization has approximately $272.04 million of first lien, fixed-rate and adjustable rate re-performing mortgage loans with weighted average seasoning of 103 months, gross weighted average coupon of 3.86% (based on the interest bearing unpaid principal balance), weighted average Updated LTV of 84.9% and weighted average updated FICO score of 709 as of the cut-off date. Shellpoint Mortgage Servicing (SMS) and Fay Servicing LLC will act as the primary servicers. As of the Cut-off date, approximately 81.45% of the mortgage loans were modified. Moreover, as of the Cut-off date, approximately 84.42% and 49.69% of the mortgage loans have been current for at least 24 months and 36 months, respectively.

Vollständigen Artikel bei Moodys lesen