DBRS Rates Nomura Resecuritization Trust 2010-2R

DBRS has today assigned the following ratings to the Resecuritization Trust Securities, Series 2010-2R issued by Nomura Resecuritization Trust 2010-2R (the Trust).

-- $27.1 million Class A1 rated at AAA

This resecuritization trust consists of one seasoned senior residential mortgage-backed security (RMBS). The AAA rating on the Class A1 certificates reflects the credit enhancement provided by Class A2 via subordination and the quality of the underlying security. DBRS does not rate Class A2.

Interest and principal payments on the securities will generally be made one business day following the underlying distribution date (the 25th of each month), commencing in July 2010. Interest will be distributed on a pro rata basis to the certificates. Principal will be distributed on a sequential basis to the certificates until the principal balances thereof are reduced to zero.

Any losses realized from the underlying securities will be allocated in a reverse sequential order to the notes.

This Trust is a resecuritization consisting of one seasoned senior RMBS, represented by one real estate mortgage investment conduit (REMIC). The REMIC is backed by a pool of Alt-A, fixed-rate, first-lien, one- to four-family residential mortgages.

Notes:
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 our website under Methodologies.

This is a Structured Finance rating.