DBRS Publishes Final Methodology: Third-Party Due Diligence Criteria for U.S. RMBS Transactions

DBRS has today published its final methodology on third-party due diligence review for U.S. residential mortgage-backed securities (RMBS) transactions.

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.

The final methodology does not have any substantive changes from the proposed Third-Party Due Diligence Criteria for U.S. RMBS Transactions which was published in May 2011 with a request for comments.

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

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.