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Presale: PSMC 2021-2 Trust

PSMC 2021-2 Trust (PSMC 2021-2) is an RMBS transaction backed by a collateral pool that consists of prime jumbo mortgage loans. This is the 12th transaction from the PSMC shelf and the third rated by S&P Global Ratings. The preliminary ratings assigned to PSMC 2021-2's mortgage pass-through certificates reflect our view of: The high-quality collateral in the pool (see the Collateral Summary section below); The available credit enhancement; The transaction's associated structural mechanics; The representation and warranty framework (R&W) for this transaction; The geographic concentration; The experienced aggregator; The 100% due diligence results consistent with represented loan characteristics; and The impact that the economic stress brought on by the COVID-19 pandemic is likely to have on the performance of the