DBRS Requests Comments on Proposed Third-Party Due Diligence Criteria for U.S. RMBS Transactions

DBRS is requesting comments on the proposed methodology on third-party due diligence review for U.S. residential mortgage-backed securities (RMBS) transactions. Comments should be received on or before May 16, 2011. Please submit your comments to the following e-mail address: dbrsduediligencecomments@dbrs.com. DBRS will publish a final methodology following the review and evaluation of all submissions.

In this methodology, DBRS outlines its criteria for a third-party due diligence review for U.S. RMBS transactions that includes a comprehensive regulatory compliance and credit review, data integrity check and property valuation analysis. It also provides guidelines on the assessment of due diligence firms and the selection of a random and statistically valid sample size.

DBRS criteria and methodologies are publicly available on its website www.dbrs.com under Methodologies.