Towd Point Mortgage Trust 2019-SJ3: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on Towd Point Mortgage Trust 2019-SJ3 (TPMT 2019-SJ3 or the Trust), a securitization of a portfolio of seasoned performing and re-performing junior (second or more subordinate) lien residential mortgages funded by the issuance of asset-backed notes (the Notes). The Notes are backed by 13,889 loans with a total principal balance of $725,464,528 as of the Cut-Off Date (October 31, 2019).