New York, August 17, 2016 -- Moody's Investors Service, ("Moody's") has assigned definitive ratings to three classes of residential mortgage-backed securities (RMBS) issued by Nationstar HECM Loan Trust 2016-3 (NHLT 2016-3). The ratings range from Aaa (sf) to Ba2 (sf). The definitive ratings on Class M1 and Class M2 are higher than the provisional ratings assigned due to the reduced coupon on the notes by 0.44% and 0.73% respectively. Overall, the weighted average coupon on the notes is lower by 0.31%. Given the available funds waterfall, the lower coupon will allow for a faster pay-down of principal on the notes.

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