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KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2022-6 (JPMMT 2022-6)KBRA assigns preliminary ratings to 82 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2022-6 (JPMMT 2022-6). The pool comprises 465 first-lien, fixed rate residential mortgage loans with an aggregate principal balance of $506.0 million as of the May 1, 2022 cut-off date. The pool includes both non-agency (96.0%) and agency-eligible (4.0%) loans. The weighted average original credit score is 763, which is well within the prime mortgage range. KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its KBRA RMBS Credit Model, an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology. Click here to view the report. To access ratings and relevant documents, click here. Related Publications
Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.
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