KBRA Assigns Preliminary Ratings to RCKT Mortgage Trust 2024-CES2 (RCKT 2024-CES2)

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 16 classes of mortgage-backed notes from RCKT Mortgage Trust 2024-CES2 (RCKT 2024-CES2), a $446.7 million RMBS transaction, as of the cut-off date, sponsored by Woodward Capital Management LLC, a wholly owned affiliate of Rocket Mortgage, LLC, and APF Holdings I, L.P., and consists entirely of newly originated closed-end second lien mortgages (CES; 100.0%). The underlying pool is seasoned one month and comprises of 5,542 loans origi