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Towd Point HE Trust 2021-HE1: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned the following ratings to the Asset-Backed Securities, Series 2021-HE1 (the Notes) issued by Towd Point HE Trust 2021-HE1 (TPHT 2021-HE1):

-- $339.3 million Class A1 at AAA (sf)
-- $22.8 million Class A2 at AA (sf)
-- $44.0 million Class M1 at A (sf)
-- $26.9 million Class M2 at BBB (low) (sf)
-- $18.1 million Class B1 at BB (low) (sf)
-- $11.9 million Class B2 at B (sf)
-- $66.7 million Class A3 at A (sf)
-- $406.0 million Class A4 at A (sf)
-- $100.6 million Class A5 at A (sf)
-- $22.8 million Class A2A at AA (sf)
-- $22.8 million Class A2AX at AA (sf)
-- $22.8 million Class A2B at AA (sf)
-- $22.8 million Class A2BX at AA (sf)
-- $44.0 million Class M1A at A (sf)
-- $44.0 million Class M1AX at A (sf)
-- $44.0 million Class M1B at A (sf)
-- $44.0 million Class M1BX at A (sf)
-- $26.9 million Class M2A at BBB (low) (sf)
-- $26.9 million Class M2AX at BBB (low) (sf)
-- $26.9 million Class M2B at BBB (low) (sf)
-- $26.9 million Class M2BX at BBB (low) (sf)
-- $26.9 million Class M2C at BBB (low) (sf)
-- $26.9 million Class M2CX at BBB (low) (sf)
-- $18.1 million Class B1A at BB (low) (sf)
-- $18.1 million Class B1AX at BB (low) (sf)
-- $18.1 million Class B1B at BB (low) (sf)
-- $18.1 million Class B1BX at BB (low) (sf)
-- $18.1 million Class B1C at BB (low) (sf)
-- $18.1 million Class B1CX at BB (low) (sf)
-- $11.9 million Class B2A at B (sf)
-- $11.9 million Class B2AX at B (sf)
-- $11.9 million Class B2B at B (sf)
-- $11.9 million Class B2BX at B (sf)
-- $11.9 million Class B2C at B (sf)
-- $11.9 million Class B2CX at B (sf)