COLT 2019-1 Mortgage Loan Trust Certificates Assigned Ratings

  • COLT 2019-1 Mortgage Loan Trust's issuance is an RMBS transaction backed by first-lien, fixed- and adjustable-rate, fully amortizing residential mortgage loans (some with interest-only periods) secured by single-family residential properties, planned-unit developments, condominiums, and two- to four-family residential properties to both prime and nonprime borrowers. The loans are primarily non-qualified mortgage loans.
  • We assigned our ratings to the class A-1, A-2, A-3, M-1, B-1, and B-2 certificates.
  • The ratings reflect our view of the transaction's credit enhancement, geographic concentration, and associated structural mechanics, among other factors.
NEW YORK (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings today assigned 
its ratings to COLT 2019-1 Mortgage Loan Trust's (COLT 2019-1 MLT's) mortgage 
pass-through certificates (see list).

The certificate issuance is an RMBS transaction backed by first-lien, fixed- 
and adjustable-rate, fully amortizing residential mortgage loans (some with 
interest-only periods) secured by single-family residential properties, 
planned-unit developments, condominiums, and two- to four-family residential 
properties to both prime and nonprime borrowers. The loans are primarily 
non-qualified mortgage loans.


The ratings reflect:
  • The pool's collateral composition;
  • The credit enhancement provided for this transaction;
  • The transaction's associated structural mechanics;
  • The representation and warranty framework for this transaction;
  • The geographic concentration; and
  • The mortgage aggregator, Hudson Americas L.P., and the mortgage originator, Caliber Home Loans Inc.