Deephaven Residential Mortgage Trust 2019-2 Notes Assigned Preliminary Ratings

  • Deephaven Residential Mortgage Trust 2019-2's issuance is an RMBS transaction backed by U.S. residential mortgage loans.
  • We assigned our preliminary ratings to the class A-1, A-2, A-3, M-1, B-1, and B-2 notes.
  • The preliminary ratings reflect our view of the transaction's credit enhancement, pool composition, and associated structural mechanics, among other factors.
NEW YORK (S&P Global Ratings) April 15, 2019--S&P Global Ratings today 
assigned its preliminary ratings to Deephaven Residential Mortgage Trust 2019-2
's mortgage-backed notes (see list).

The note issuance is a residential mortgage-backed transaction backed by 
first-lien, fixed- and adjustable-rate, amortizing (with some interest-only 
and principal balloon payments) residential mortgage loans secured by 
single-family residences, planned-unit developments, two- to four-family 
residences, and condominiums to both prime and nonprime borrowers. The pool 
has 883 loans, which are primarily non-qualified mortgage loans.

The preliminary ratings are based on information as of April 15, 2019. 
Subsequent information may result in the assignment of final ratings that 
differ from the preliminary ratings.

The preliminary ratings reflect:
  • The pool's collateral composition;
  • The credit enhancement provided for this transaction;
  • The transaction's associated structural mechanics;
  • The transaction's representation and warranty framework; and
  • The mortgage aggregator.
We work across the world

From London to San Francisco, to our home base in (Saint Helier) Jersey, we’re looking for extraordinary and creative scientists to help us drive the field forward.

AC Investment Inc. currently does not act as an equities executing broker or route orders containing equities securities. If AC Invest’s business model were to change and it begins routing non-directed orders in NMS securities, it will comply with the disclosure requirement of Rule 606.

77 Massachusetts Avenue Cambridge, MA 02139 617-253-1000