On June 25, 2025, KBRA assigned preliminary ratings to 31 classes of mortgage pass-through certificates from J.P. Morgan Seasoned Mortgage Trust 2025-1 (JPSMT 2025-1). Banc of California, National Association, was identified as a top originator in this pool, contributing 23.8% of the 371 seasoned residential mortgages. The aggregate principal balance of the pool is approximately $268.1 million as of June 1, 2025.
This participation highlights Banc of California's active role in the mortgage market and its ability to originate a significant volume of residential mortgages. The inclusion of its originated loans in a rated trust demonstrates the quality and marketability of its mortgage portfolio.
Being a top originator in such a trust contributes to the bank's overall business volume and revenue streams. It also reflects the bank's continued engagement in the broader financial markets beyond its core commercial banking activities.
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