Nationstar HECM Loan Trust 2020-1: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following Asset-Backed Notes, Series 2020-1 issued by Nationstar HECM Loan Trust 2020-1:

-- $408.1 million Class A at AAA (sf)
-- $34.9 million Class M1 at AA (sf)
-- $33.8 million Class M2 at A (sf)
-- $23.9 million Class M3 at BBB (sf)
-- $15.6 million Class M4 at BB (high) (sf)
-- $2.6 million Class M5 at BB (sf)