Citi(US:C) Businesswire·2025-12-09 21:51Core Insights - KBRA has assigned preliminary ratings to 8 classes of mortgage pass-through certificates from Citigroup Mortgage Loan Trust 2025-LTV1, which involves a total of 827 residential mortgages with an aggregate unpaid principal balance of approximately $365.0 million as of the cut-off date of November 1, 2025 [1] Group 1: Transaction Details - The mortgage-backed securities (RMBS) transaction consists entirely of 30-year fixed-rate mortgages, with 89.0% being agency-eligible loans and 11.0% being non-agency loans [1] - A significant portion, 53.5%, of the loans was originated by United Wholesale Mortgage, LLC, and all loans will be serviced by Fay Servicing, LLC [1] - The structure of CMLTI 2025-LTV1 is a Pro Rata/Sequential Hybrid [1] Group 2: Rating Methodology - KBRA's rating approach includes a loan-level analysis of the mortgage pool using its Residential Asset Loss Model (REALM), third-party loan file due diligence, cash flow modeling analysis, and reviews of key transaction parties [2] - The assessment also involves evaluating the transaction's legal structure and documentation, as detailed in KBRA's U.S. RMBS Rating Methodology [2]