Kbra assigns preliminary ratings to fannie mae's cas 2024-r04

New york--(business wire)-- #creditratingagency--kbra assigns preliminary ratings to 63 classes from connecticut avenue securities, series 2024-r04 (cas 2024-r04), a credit risk sharing transaction with a total note offering of $707,608,000. the pool is characterized by loans with original loan-to-value (ltv) ratios that are greater than 60% and less than or equal to 80%. the reference pool consists of 53,682 residential mortgage loans with an outstanding principal balance of approximately $18.6 billion as of the cu.
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