KBRA Affirms All Rated Classes from NRZ MSR-COLLATERALIZED NOTES, Series 2020-FHT1, and Series 2021-FHT1 Term Notes
17 Oct 2024 | New York
KBRA affirms all rated classes of NRZ MSR-COLLATERALIZED NOTES, Series 2020-FHT1, and Series 2021-FHT1 Term Notes. The notes represent the joint and several obligations of the Issuers to make monthly scheduled payments of interest and principal. The transaction is supported by a guarantee by the Guarantor, Rithm Capital (f/k/a NRZ) (KBRA Ratings BB+/Stable), to cover both timely payments of interest and scheduled principal. The assets represent a portion of servicing fees payable to the Servicer under the Freddie Mac Servicing Contract, pursuant to which the Servicer performs loan servicing functions and is entitled to retain servicing fees and to collect certain ancillary income in accordance with the Freddie Mac Guide.
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