OBX 2021-J3 Trust: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized the following provisional ratings on the Mortgage-Backed Notes, Series 2021-J3 (the Notes) issued by OBX 2021-J3 Trust (OBX 2021-J3):

-- $385.6 million Class A-1 at AAA (sf)
-- $385.6 million Class A-2 at AAA (sf)
-- $385.6 million Class A-3 at AAA (sf)
-- $289.2 million Class A-4 at AAA (sf)
-- $289.2 million Class A-5 at AAA (sf)
-- $289.2 million Class A-6 at AAA (sf)
-- $96.4 million Class A-7 at AAA (sf)
-- $96.4 million Class A-8 at AAA (sf)
-- $96.4 million Class A-9 at AAA (sf)
-- $308.5 million Class A-10 at AAA (sf)
-- $308.5 million Class A-11 at AAA (sf)
-- $308.5 million Class A-12 at AAA (sf)
-- $77.1 million Class A-13 at AAA (sf)
-- $77.1 million Class A-14 at AAA (sf)
-- $77.1 million Class A-15 at AAA (sf)
-- $19.3 million Class A-16 at AAA (sf)
-- $19.3 million Class A-17 at AAA (sf)
-- $19.3 million Class A-18 at AAA (sf)
-- $47.6 million Class A-19 at AAA (sf)
-- $47.6 million Class A-20 at AAA (sf)
-- $47.6 million Class A-21 at AAA (sf)
-- $433.2 million Class A-22 at AAA (sf)
-- $433.2 million Class A-23 at AAA (sf)
-- $433.2 million Class A-24 at AAA (sf)
-- $433.2 million Class A-X-1 at AAA (sf)
-- $385.6 million Class A-X-2 at AAA (sf)
-- $385.6 million Class A-X-3 at AAA (sf)
-- $385.6 million Class A-X-4 at AAA (sf)
-- $289.2 million Class A-X-5 at AAA (sf)
-- $289.2 million Class A-X-6 at AAA (sf)
-- $289.2 million Class A-X-7 at AAA (sf)
-- $96.4 million Class A-X-8 at AAA (sf)
-- $96.4 million Class A-X-9 at AAA (sf)
-- $96.4 million Class A-X-10 at AAA (sf)
-- $308.5 million Class A-X-11 at AAA (sf)
-- $308.5 million Class A-X-12 at AAA (sf)
-- $308.5 million Class A-X-13 at AAA (sf)
-- $77.1 million Class A-X-14 at AAA (sf)
-- $77.1 million Class A-X-15 at AAA (sf)
-- $77.1 million Class A-X-16 at AAA (sf)
-- $19.3 million Class A-X-17 at AAA (sf)
-- $19.3 million Class A-X-18 at AAA (sf)
-- $19.3 million Class A-X-19 at AAA (sf)
-- $47.6 million Class A-X-20 at AAA (sf)
-- $47.6 million Class A-X-21 at AAA (sf)
-- $47.6 million Class A-X-22 at AAA (sf)
-- $433.2 million Class A-X-23 at AAA (sf)
-- $433.2 million Class A-X-24 at AAA (sf)
-- $433.2 million Class A-X-25 at AAA (sf)
-- $8.6 million Class B-1A at AA (sf)
-- $8.6 million Class B-X-1 at AA (sf)
-- $8.6 million Class B-1 at AA (sf)
-- $6.1 million Class B-2A at A (sf)
-- $6.1 million Class B-X-2 at A (sf)
-- $6.1 million Class B-2 at A (sf)
-- $1.4 million Class B-3 at BBB (sf)
-- $1.4 million Class B-4 at BB (sf)
-- $1.1 million Class B-5 at B (sf)