DBRS Rates Citigroup Mortgage Loan Trust 2011-3

DBRS has today assigned the following ratings to the Resecuritization Trust Certificates, Series 2011-3, issued by Citigroup Mortgage Loan Trust 2011-3 (the Trust):

-- $16.1 million Class 1A1* rated at A (sf)

There is one group in this resecuritization trust, consisting of one seasoned senior residential mortgage-backed security (RMBS). The ratings on the certificate reflect the credit enhancement provided by subordination within the group. The ratings also reflect the quality of the underlying assets. Certain classes of certificates (Regular Certificates) are exchangeable for certain other classes of certificates (Combined Certificates) and vice versa, in the combinations described in the private placement memorandum.

The ratings of DBRS assigned to the Offered Certificates address the likelihood, in the opinion of DBRS, of the receipt by the related Certificateholders of (i) all principal distributions to which such Certificateholders are entitled and (ii) the amount of interest actually received by the Trust to which such Certificateholders are entitled, as such entitlements may be reduced by (a) the allocation of certain net interest shortfalls allocated to the Underlying Security, including but not limited to net interest shortfalls resulting from prepayments of the Underlying Mortgage Loans, application of the Relief Act in respect of the related mortgage loans, reductions in the interest rate on the related mortgage loans as a result of modifications on such mortgage loans or any interest shortfalls resulting from an Underlying Servicer’s failure to make any required advances of interest in respect of the Underlying Mortgage Loans, any reduction in the interest distributed on the Underlying Security as a result of any net negative amortization allocated to such Underlying Security and (b) related extraordinary trust fund expenses incurred by the Underlying Trust.

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

Interest and principal payments on the certificates will be made on the same day as the underlying distribution date (the 25th of each month), commencing in April 2011. Interest payments will be distributed on a pro rata basis to the certificates within their respective groups. Principal will be distributed on a sequential basis to the certificates within their respective groups until the certificate principal balances thereof are reduced to zero.

Any losses realized from the underlying securities will be allocated in a reverse sequential order to the certificates within their respective groups.

The DBRS-rated group within the Trust is a resecuritization, consisting of one senior RMBS represented by one real estate mortgage investment conduit (REMIC). Within the DBRS-rated group, the REMIC is backed by a pool of seasoned, first lien, one- to four-family residential option ARM loans.

Notes:

• denotes Regular Certificates.

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.