New York, October 24, 2016 -- Moody's Investors Service has assigned definitive ratings to the classes of residential mortgage-backed securities (RMBS) issued by Sequoia Mortgage Trust (SEMT) 2016-3. The certificates are backed by one pool of prime quality, first-lien mortgage loans. The assets of the trust consist of 465 fully amortizing, fixed rate mortgage loans, all of which have an original term to maturity of 30 years. The borrowers in the pool have high FICO scores, significant equity in their properties and liquid cash reserves.
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