MFA 2020-NQM2 Trust: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on MFA 2020-NQM2 Trust, a securitization of a portfolio of fixed- and adjustable-rate nonprime first-lien residential mortgages funded by the issuance of the Mortgage Pass-Through Certificates, Series 2020-NQM2 (the Certificates). The Certificates are backed by 1,608 mortgage loans with a total principal balance of $570,179,946 as of the Cut-Off Date (September 30, 2020).