DBRS Rates CEMP Resecuritization Trust, Series 2009-1

DBRS has today assigned the following ratings to the Mortgage Resecuritization Notes, Series 2009-1 issued by CEMP Resecuritization Trust 2009-1 (the Trust).

-- $20.0 million Class A-1* rated at AAA

The AAA ratings on the Class A-1 Notes address only the ultimate principal payments and reflect the 50% of credit enhancement provided by subordination. The ratings also reflect the quality of the underlying securities as well as the guaranteed principal payments provided by a zero coupon U.S. Treasury Note. Without the benefit of the Treasury note, the credit enhancement needed to support an AAA rating on Class A-1 would have been 96%.

DBRS does not rate the Class A-2 Notes, Class C or Class R Certificates.

Interest and principal payments on the notes will generally be made on the 26th day of each month, commencing in September 2009. Interest payments will be distributed sequentially to the notes from the available interest funds first to the notes up to the interest payment amount and then to the notes as principal until the note principal balance is reduced to zero. Principal payments will be distributed on a sequential basis to the notes until the principal balance has been reduced to zero.

Any losses realized from the underlying securities will be allocated reverse sequentially to the Class C Certificates and then to the Class A-2 Notes until their principal balances have been reduced to zero.

The Trust is a resecuritization consisting primarily of eight current-pay senior-support residential mortgage-backed securities represented by various real estate mortgage investment conduits (REMIC). The REMIC trusts are backed by pools of prime and Alt-A, fixed-rate, first lien, one- to four-family residential mortgages.

Note:

• DBRS’ ratings on the Class A-1 Notes only address the ultimate payment of the principal amount.

All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Residential Mortgage-Backed Securities Transactions, which can be found on the DBRS website under Methodologies.

This is a Structured Finance rating.