New Residential Mortgage Loan Trust 2019-4: Rating Report

DBRS, Inc. (DBRS) finalized its provisional ratings on the following Mortgage-Backed Notes, Series 2019-4 (the Notes) issued by New Residential Mortgage Loan Trust 2019-4 (NRMLT or the Trust):

-- $416.5 million Class A-1 at AAA (sf)
-- $416.5 million Class A-IO at AAA (sf)
-- $416.5 million Class A-1A at AAA (sf)
-- $416.5 million Class A-1B at AAA (sf)
-- $416.5 million Class A-1C at AAA (sf)
-- $416.5 million Class A-1D at AAA (sf)
-- $416.5 million Class A1-IOA at AAA (sf)
-- $416.5 million Class A1-IOB at AAA (sf)
-- $416.5 million Class A1-IOC at AAA (sf)
-- $416.5 million Class A1-IOD at AAA (sf)
-- $451.5 million Class A-2 at AA (sf)
-- $416.5 million Class A at AAA (sf)
-- $34.9 million Class B-1 at AA (sf)
-- $34.9 million Class B1-IO at AA (sf)
-- $34.9 million Class B-1A at AA (sf)
-- $34.9 million Class B-1B at AA (sf)
-- $34.9 million Class B-1C at AA (sf)
-- $34.9 million Class B-1D at AA (sf)
-- $34.9 million Class B1-IOA at AA (sf)
-- $34.9 million Class B1-IOB at AA (sf)
-- $34.9 million Class B1-IOC at AA (sf)
-- $26.6 million Class B-2 at A (sf)
-- $26.6 million Class B2-IO at A (sf)
-- $26.6 million Class B-2A at A (sf)
-- $26.6 million Class B-2B at A (sf)
-- $26.6 million Class B-2C at A (sf)
-- $26.6 million Class B-2D at A (sf)
-- $26.6 million Class B2-IOA at A (sf)
-- $26.6 million Class B2-IOB at A (sf)
-- $26.6 million Class B2-IOC at A (sf)
-- $22.4 million Class B-3 at BBB (sf)
-- $22.4 million Class B3-IO at BBB (sf)
-- $22.4 million Class B-3A at BBB (sf)
-- $22.4 million Class B-3B at BBB (sf)
-- $22.4 million Class B-3C at BBB (sf)
-- $22.4 million Class B-3D at BBB (sf)
-- $22.4 million Class B3-IOA at BBB (sf)
-- $22.4 million Class B3-IOB at BBB (sf)
-- $22.4 million Class B3-IOC at BBB (sf)
-- $16.8 million Class B-4 at BB (sf)
-- $16.8 million Class B-4A at BB (sf)
-- $16.8 million Class B-4B at BB (sf)
-- $16.8 million Class B-4C at BB (sf)
-- $16.8 million Class B4-IOA at BB (sf)
-- $16.8 million Class B4-IOB at BB (sf)
-- $16.8 million Class B4-IOC at BB (sf)
-- $8.4 million Class B-5 at B (sf)
-- $8.4 million Class B-5A at B (sf)
-- $8.4 million Class B-5B at B (sf)
-- $8.4 million Class B-5C at B (sf)
-- $8.4 million Class B-5D at B (sf)
-- $8.4 million Class B5-IOA at B (sf)
-- $8.4 million Class B5-IOB at B (sf)
-- $8.4 million Class B5-IOC at B (sf)
-- $8.4 million Class B5-IOD at B (sf)
-- $25.2 million Class B-7 at B (sf)