DBRS Rates BCAP LLC 2010-RR7 Trust Resecuritization Trust Securities

DBRS has today assigned the following ratings to the Resecuritization Trust Securities issued by BCAP LLC 2010-RR7 Trust (the Trust).

Group 1 Offered Securities:
-- $207.26 million Class 1A1* rated at AAA
-- $7.32 million Class 1A2* rated at AA
-- $7.32 million Class 1A3* rated at A
-- $214.57 million Class 1A4** rated at A
-- $221.89 million Class 1A5** rated at AA
-- $14.63 million Class 1A6** rated at A

Group 8 Offered Securities:
-- $40.01 million Class 8A1* rated at AAA
-- $1.62 million Class 8A2* rated at AA
-- $2.16 million Class 8A3* rated at A
-- $41.64 million Class 8A4** rated at A
-- $43.8 million Class 8A5** rated at AA
-- $3.79 million Class 8A6** rated at A

Group 10 Offered Securities:
-- $29.14 million Class 10A1* rated at AAA
-- $1.02 million Class 10A2* rated at AA
-- $1.02 million Class 10A3* rated at A
-- $30.16 million Class 10A4** rated at A
-- $31.17 million Class 10A5** rated at AA
-- $2.03 million Class 10A6** rated at A
-- $1.37 million Class 10A7** rated at A

Group 11 Offered Securities:
-- $10.83 million Class 11A1* rated at AAA
-- $0.38 million Class 11A2* rated at AA
-- $11.2 million Class 11A3** rated at AA

Group 17 Offered Securities:
-- $12.11 million Class 17A1* rated at AAA
-- $0.64 million Class 17A2* rated at AA
-- $0.64 million Class 17A3* rated at A
-- $12.74 million Class 17A4** rated at A
-- $13.38 million Class 17A5** rated at AA
-- $1.27 million Class 17A6** rated at A

There are 17 groups in this resecuritization trust. DBRS rates securities from Groups 1, 8, 10, 11, and 17 which each consist of a seasoned senior residential mortgage-backed security (RMBS). The ratings on the securities reflect the credit enhancement provided by subordination within their respective groups and the quality of the underlying asset.

Other than the specified classes above, DBRS does not rate any other securities in this transaction.

Interest and principal payments on the securities will generally be made on the business day following the underlying distribution date (25th of the month), commencing in July 2010. Within the Groups 1, 8, 10 and 17 interest will be paid pro-rata and principal payments will be distributed on a sequential basis until the principal balances have been reduced to zero. Within Group 11, interest will be paid to the senior class pro-rata and the subordinate class interest will be paid to the senior class as principal until the note balance has been reduced to zero. Principal payments will be distributed on a sequential basis to the Group 11 securities.

Any losses realized from the underlying security will be allocated in a reverse sequential order, until the principal balances have been reduced to zero.

The DBRS rated Groups are resecuritizations of a senior RMBS, represented by one real estate mortgage investment conduit (REMIC). Within the DBRS-rated groups, each of the REMIC trust is backed by a pool of seasoned Prime, fixed-rate or ARM, first-lien one- to four-family residential mortgages.

Notes:

• denotes Initial Exchangeable Security.
  ** denotes Subsequent Exchangeable Security.

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.