Velocity Financial, Inc. announced that Kroll Bond Rating Agency (KBRA) completed a comprehensive surveillance review of 26 outstanding securitizations issued by its subsidiary, Velocity Commercial Capital, LLC (VCC). This review resulted in 344 rating affirmations and 14 rating upgrades of the underlying tranches.
KBRA's rating actions reflect generally stable collateral and structure performance, evidenced by increased credit support for the rated classes and minimal losses since issuance. Cumulative loss levels in Velocity's outstanding securitizations ranged from 0.00% to 0.58%, with 13 of the 26 securitizations experiencing no losses.
Jeff Taylor, Executive Vice President of Capital Markets, stated that Velocity prioritizes strong alignment with investors by retaining credit risk in its securitizations. This differentiated performance stems from the company's underwriting discipline and proprietary loss mitigation strategies.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.