RMF Proprietary Issuance Trust 2021-1: Rating Report

DBRS Morningstar finalized provisional ratings on each class of notes of RMF Proprietary Issuance Trust 2021-1 by performing a quantitative and qualitative collateral, structural, and legal analysis. This analysis used a reverse mortgage iterative model developed for the purposes of rating this transaction. The model produced vectors based on loan-level information and DBRS Morningstar subjected these vectors to a variety of stresses.