Nationstar HECM Loan Trust 2020-1: Presale Report

Solely to the extent and subject to the scope of review enumerated herein, this report and the provisional ratings noted above address certain credit risks and the extent to which the payment stream of the collateral is adequate to make payments required under the notes based on information identified as subject to review herein and to the extent provided to DBRS Morningstar on the arranger’s website or email for this transaction as of September 17, 2020.