Press Release
DBRS Takes Rating Actions on U.S. Residential Mortgage-Backed Securities
RMBSDBRS Inc. has conducted a review of its non-performing loan residential mortgage-backed securities transactions. Of the 5 transactions reviewed, 8 classes were confirmed and one class was discontinued due to repayment of the noteholders.
The collateral supporting the transactions is performing within DBRS expectations and available credit enhancement for each class is sufficient to cover DBRS expected losses.
The following transactions have been reviewed:
•Arch Bay Asset-Backed Securities Trust 2010-2
•Bayview Opportunity Master Fund II Trust 2010-1NPL
•PennyMac Loan Trust 2010-NPL-1
•Residential Loan Trust 2008-AH1
•Vericrest Opportunity Loan Trust 2010-NPL1
Notes:
DBRS rating definitions and the terms of use of such ratings are available at www.dbrs.com.
The applicable methodology is U.S. RMBS Surveillance, which can be found on our website under Methodologies.
Ratings
Arch Bay Asset-Backed Securities Trust 2010-2, Mortgage-Backed Notes, Series 2010-2
Bayview Opportunity Master Fund II Trust 2010-1NPL
PennyMac Loan Trust 2010-NPL1
Residential Loan Trust 2008-AH1
Vericrest Opportunity Loan Trust 2010-NPL1
ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.
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Related Documents
Methodology Used:
Contacts
Claire Mezzanotte
Group Managing Director, Global Head of Structured Finance Ratings - Credit Ratings Leadership
+(1) 212 806 3272
claire.mezzanotte@morningstar.com- Jayce Fox
Senior Vice President, US ABS Surveillance - Global Structured Finance
+1 203 883 5815
jayce.fox@morningstar.com - Jan Buckler
Senior Vice President, Sector Lead - Global Structured Finance Ratings
+(1) 212 806 3925
jan.buckler@morningstar.com