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SoFi Announces Ratings for New Securitization
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SoFi Announces Ratings for New Securitization

SoFi Announces Ratings for New Securitization

Fintech Nexus Staff·
FinanceNews RoundupOnline LendingUSA
·Dec. 13, 2016·1 min read

SoFi has received preliminary ratings from Kroll Bond Rating Agency for a securitization portfolio including prime jumbo residential mortgage loans; the securitization includes 36 classes with 270 mortgage loans; 31 classes are rated AAA; the remaining classes are rated AA to B with one unrated class accounting for $1 million of the portfolio; the portfolio includes high quality mortgage loans with a comprehensive weighted average credit score of 777; the total principal balance of the portfolio is $168,790,946.  Source

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