Spruce Hill Mortgage Loan Trust 2020-SH1: Presale Report
DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to Spruce Hill Mortgage Loan Trust 2020-SH1 (SHMLT 2020-SH1 or the Trust), a securitization of a portfolio of fixed- and adjustable-rate prime and non-prime first-lien residential mortgages funded by the issuance of the Mortgage-Backed Notes, Series 2020-SH1 (the Notes). The Notes are backed by 1,003 loans with a total principal balance of $299,652,359 as of the Cut-Off Date (January 1, 2020). The mortgage loans were originated through Carrington Mortgage Services, LLC (CMS).
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