DBRS Confirms Ratings on AH Mortgage Servicer Advance Revolving Trust 1, Advance Receivable Backed Notes, Series 2011-1
RMBSDBRS has confirmed its outstanding ratings on the AH Mortgage Servicer Advance Revolving Trust 1, Advance Receivable Backed Notes, Series 2011-1 based on a review of the amendment to the Indenture, dated as of May 10, 2011 (the “SART 1 Indenture”), by and between AH Mortgage Servicer Advance Revolving Trust 1, as Issuer and Wells Fargo Bank, National Association, as Indenture Trustee relating to the AH Mortgage Servicer Advance Revolving Trust 1 Advance Receivables Backed Notes, Series 2011-1. This amendment revises the foreclosure timeline protections in the SART 1 Indenture, by eliminating the references to (or reliance upon) Freddie Mac’s state foreclosure timelines, and instead including protections against any state or federal moratoria, cessation or suspension of foreclosure activity.
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The applicable methodology is Rating U.S. RMBS Servicing Advance Transactions, which can be found on our website under Methodologies.