Kroll Bond Rating Agency Affirms Ratings on Sequoia Mortgage Trust 2012-6 Certificates

Business Wire


Kroll Bond Rating Agency (KBRA) affirms nine classes of mortgage pass-through certificates from Sequoia Mortgage Trust (SEMT) 2012-6, a jumbo prime RMBS transaction (see ratings listed below).

The SEMT 2012-6 mortgage pool has experienced no losses and minimal delinquencies since issuance. As of the September 25th remittance, all loans are current. Additionally, principal payments on the pool have resulted in increased credit enhancement to each of the rated classes. KBRA’s analysis of home price trends indicate that the mortgage pool also benefits from home prices which on average have risen since issuance.

For more information on SEMT 2012-6, please see our report, “Sequoia Mortgage Trust Q3 Comprehensive Surveillance Report (SEMT 2010-H1 to SEMT 2013-4)”, which was published on October 7, 2013 at

Class       Rating       Balance (USD)       Rating Action
A-1       AAA (sf)       $125,465,536       Affirmed
A-2       AAA (sf)       $125,464,640       Affirmed
A-IO1       AAA (sf)       $250,930,176 (1)       Affirmed
A-IO2       AAA (sf)       $125,465,536 (1)       Affirmed
A-IO3       AAA (sf)       $125,464,640 (1)       Affirmed
B-1       AA (sf)       $7,851,586       Affirmed
B-2       A (sf)       $4,147,414       Affirmed
B-3       BBB (sf)       $3,407,366       Affirmed
B-4       BB (sf)       $2,370,513       Affirmed

(1) Notional Amount and Interest Only Certificates

Related publications:

Sequoia Mortgage Trust Q3 Comprehensive Surveillance Report (SEMT 2010-H1 to SEMT 2013-4)

Sequoia Mortgage Trust 2012-6 New Issue Report

U.S. RMBS Rating Methodology, published January 9, 2012

Residential Mortgage Default and Loss Model, published January 9, 2012

Kroll Bond Rating Agency (KBRA)
Michele Patterson, 646-731-2397
Gaurav Singhania, 646-731-2396
Steve McCarthy, 646-731-2343
Julian Ferdman, 646-731-2379


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