Press Release

DBRS Takes Rating Actions on 44 U.S. RMBS Securities

RMBS

March 23, 2012

DBRS, Inc. has today taken rating actions on 44 classes from 19 U.S. Residential Mortgage-Backed Securities (RMBS) transactions. Of the classes reviewed, 35 classes from 11 transactions were confirmed and removed from Under Review with Developing Implications (see “DBRS Places 6,566 Classes from 576 U.S. RMBS Transactions Under Review”, published on January 23, 2012). All 44 classes from 19 transactions reviewed were then set to Discontinued –Repaid due to repayment of the bonds.

These transactions consist of traditional RMBS, REREMIC, Servicer Advance, and swap termination transactions.

Notes:
The principal methodologies applicable are U.S. RMBS Surveillance Methodology and RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology, which can be found on our website under Methodologies.

Ratings

ASG Resecuritization Trust 2009-5

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	REMIC Notes, Series 2009-5, Class A30	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	REMIC Notes, Series 2009-5, Class G30	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Asset-Backed Notes, Series 2005-3, Class A-2C	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Mortgage-Backed Notes, Series 2005-2, Class IA3	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Resecuritization Trust Securities, Class 2A4	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Resecuritization Trust Securities, Class 2A6	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Resecuritization Trust Securities, Class IV-A1	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Resecuritization Trust Securities, Class 2A3	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Resecuritization Trust Securities, Class 2A5	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Resecuritization Trust Securities, Class 2A6	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Mortgage Pass-Through Certificates, Series 2007-4, Class M6B	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Mortgage Security-Backed Certificates, Class 5-A-1	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Mortgage Security-Backed Certificates, Class 5-A-2	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Mortgage Security-Backed Certificates, Class 5-A-3	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Mortgage Security-Backed Certificates, Class 5-A-5	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Mortgage Security-Backed Certificates, Class 5-A-6	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Resecuritization Trust Certificates, Series 2010-4, Class 1A3	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Resecuritization Trust Certificates, Series 2010-4, Class 1A4	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Mortgage Pass-Through Certificates, Series 2005 AR6, Class 1A-1B	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Series 2011-1, Class A Notes	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Mortgage Loan-Backed Notes, Series 2010-1 , Class A	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Mortgage Pass-Through Certificates, Series 2006-S1, Class 3-A-5	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Jefferies Resecuritization Trust 2009-R8, Class 13-A2	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Jefferies Resecuritization Trust 2009-R8, Class 14-A1	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Jefferies Resecuritization Trust 2009-R8, Class 14-AZ	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Jefferies Resecuritization Trust 2009-R8, Class 3-A1	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	Jefferies Resecuritization Trust 2009-R8, Class 3-AZ	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Mortgage Pass-Through Certificates, Series 2005-WMC1, Class M-1	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 15-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 19-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 23-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 24-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 25-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 29-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 3-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 31-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 36-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Certificates, Class 5-B	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Notes, Class 23-A	Discontinued	--	Disc.-Repaid, Confirmed	US
23-Mar-12	RBSSP Resecuritization Trust 2009-4 Notes, Class 25-A	Discontinued	--	Disc.-Repaid, Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Asset-Backed Certificates, Series 2006-OPT2, Class A-3A	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
23-Mar-12	Group 1 Potential Interest Rate Swap Termination Payment	Discontinued	--	Disc.-Repaid	US
23-Mar-12	Group 2 Potential Interest Rate Swap Termination Payment	Discontinued	--	Disc.-Repaid	US

ASG Resecuritization Trust 2009-5

REMIC Notes, Series 2009-5, Class A30

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

REMIC Notes, Series 2009-5, Class G30

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Accredited Mortgage Loan Trust 2005-3

Asset-Backed Notes, Series 2005-3, Class A-2C

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Aegis Asset Backed Securities Trust 2005-2

Mortgage-Backed Notes, Series 2005-2, Class IA3

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

BCAP LLC 2010-RR11 Trust

Resecuritization Trust Securities, Class 2A4

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Class 2A6

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

BCAP LLC 2010-RR4-I Trust

Resecuritization Trust Securities, Class IV-A1

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

BCAP LLC 2010-RR9 Trust

Resecuritization Trust Securities, Class 2A3

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Class 2A5

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Securities, Class 2A6

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

BNC Mortgage Loan Trust 2007-4

Mortgage Pass-Through Certificates, Series 2007-4, Class M6B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Banc of America Funding 2010-R5 Trust

Mortgage Security-Backed Certificates, Class 5-A-1

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Mortgage Security-Backed Certificates, Class 5-A-2

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Mortgage Security-Backed Certificates, Class 5-A-3

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Mortgage Security-Backed Certificates, Class 5-A-5

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Mortgage Security-Backed Certificates, Class 5-A-6

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Citigroup Mortgage Loan Trust 2010-4

Resecuritization Trust Certificates, Series 2010-4, Class 1A3

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Resecuritization Trust Certificates, Series 2010-4, Class 1A4

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

DSLA Mortgage Loan Trust 2005-AR6

Mortgage Pass-Through Certificates, Series 2005 AR6, Class 1A-1B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

GMAC GSAP 2011-1

Series 2011-1, Class A Notes

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

GMACM Mortgage Loan Trust 2010-1

Mortgage Loan-Backed Notes, Series 2010-1 , Class A

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

J.P. Morgan Mortgage Trust 2006-S1

Mortgage Pass-Through Certificates, Series 2006-S1, Class 3-A-5

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Jefferies Resecuritization Trust 2009-R8

Jefferies Resecuritization Trust 2009-R8, Class 13-A2

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Jefferies Resecuritization Trust 2009-R8, Class 14-A1

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Jefferies Resecuritization Trust 2009-R8, Class 14-AZ

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Jefferies Resecuritization Trust 2009-R8, Class 3-A1

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Jefferies Resecuritization Trust 2009-R8, Class 3-AZ

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

MASTR Asset Backed Securities Trust 2005-WMC1

Mortgage Pass-Through Certificates, Series 2005-WMC1, Class M-1

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4

RBSSP Resecuritization Trust 2009-4 Certificates, Class 15-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Certificates, Class 19-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Certificates, Class 23-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Certificates, Class 24-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Certificates, Class 25-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Certificates, Class 29-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Certificates, Class 3-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Certificates, Class 31-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Certificates, Class 36-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Certificates, Class 5-B

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Notes, Class 23-A

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

RBSSP Resecuritization Trust 2009-4 Notes, Class 25-A

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid, Confirmed
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

SG Mortgage Securities Trust 2006-OPT2

Asset-Backed Certificates, Series 2006-OPT2, Class A-3A

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Supplemental Interest Trust, Lehman XS Trust Mortgage Pass-Through Certificates, Series 2007-3

Group 1 Potential Interest Rate Swap Termination Payment

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Group 2 Potential Interest Rate Swap Termination Payment

Date Issued:Mar 23, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

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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