Towd Point Mortgage Trust 2020-4: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the Asset-Backed Securities, Series 2020-4 (the Notes) to be issued by Towd Point Mortgage Trust 2020-4 (TPMT 2020-4 or the Trust) as follows:

-- $1.0 billion Class A1 at AAA (sf)
-- $70.9 million Class A2 at AA (sf)
-- $70.9 million Class A2A at AA (sf)
-- $70.9 million Class A2AX at AA (sf)
-- $70.9 million Class A2B at AA (sf)
-- $70.9 million Class A2BX at AA (sf)
-- $1.1 billion Class A3 at AA (sf)