New York, May 19, 2016 -- Moody's Investors Service has assigned provisional ratings to 15 classes of notes issued by New Residential Mortgage Loan Trust 2016-2 ("NRMLT 2016-2"). The NRMLT 2016-2 transaction is a securitization of $301.1 million of first lien, seasoned performing and re-performing mortgage loans with weighted average seasoning of approximately 154 months, weighted average updated LTV ratio of 56.9% and weighted average updated FICO score of 699. Approximately 91.1% of the loans have been either current or not more than 30 days delinquent in the past 24 months. Approximately 20.2% of the loans in the pool were previously modified. Ocwen Loan Servicing, LLC, Nationstar Mortgage LLC, Specialized Loan Servicing, LLC and PNC Mortgage , will act as primary servicers and Nationstar Mortgage LLC will act as master and successor servicer.

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