OBX 2018-1 Trust: Rating Report

DBRS, Inc. (DBRS) finalized the following provisional ratings on the Mortgage-Backed Notes, Series 2018-1 (the Notes) issued by OBX 2018-1 Trust (the Trust):

-- $297.8 million Class A-1 at AAA (sf)
-- $297.8 million Class A1-IO at AAA (sf)
-- $297.8 million Class A-1A at AAA (sf)
-- $293.9 million Class A-2 at AAA (sf)
-- $293.9 million Class A2-IO at AAA (sf)
-- $293.9 million Class A-2A at AAA (sf)
-- $3.9 million Class A-3 at AAA (sf)
-- $3.9 million Class A3-IO at AAA (sf)
-- $3.9 million Class A-3A at AAA (sf)
-- $7.2 million Class B-1 at AA (sf)
-- $7.2 million Class B1-IO at AA (sf)
-- $7.2 million Class B-1A at AA (sf)
-- $6.2 million Class B-2 at A (sf)
-- $6.2 million Class B2-IO at A (sf)
-- $6.2 million Class B-2A at A (sf)
-- $6.4 million Class B-3 at BBB (sf)
-- $6.4 million Class B3-IO at BBB (sf)
-- $6.4 million Class B-3A at BBB (sf)
-- $4.1 million Class B-4 at BB (sf)
-- $1.6 million Class B-5 at B (sf)