Press Release

DBRS Confirms Ratings on 30 Classes from 3 U.S. RMBS Transactions Based on Servicing Transfer

RMBS

May 03, 2012

DBRS, Inc. has confirmed its outstanding ratings on 30 classes from 3 U.S. Residential Mortgage-Backed Securities (RMBS) transactions based on a review of the assignment and transfer of all or substantially all of Saxon Mortgage Services, Inc.’s (Saxon) duties and obligations under all pooling and servicing agreements, servicing agreements or similar or related agreements, for which Saxon is a party, to Ocwen Loan Servicing, LLC, effective from and after the Servicing Transfer Date of April 2, 2012..

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

Ratings

Asset Backed Securities Corporation Home Equity Loan Trust, Series 2005-HE1

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M1	B (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M10	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M11	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M2	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M3	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M4	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M5	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M6	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M7	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M8	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M9	C (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M1	AA (low) (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M2	BBB (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M3	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M4	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M5	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M6	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M7	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M8	C (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
03-May-12	Asset-Backed Certificates, Series 2005-2, Class B-1	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-10	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-11	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-2	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-3	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-4	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-5	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-6	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-7	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-8	C (sf)	--	Confirmed	US
03-May-12	Asset-Backed Certificates, Series 2005-2, Class M-9	C (sf)	--	Confirmed	US

Asset Backed Securities Corporation Home Equity Loan Trust, Series 2005-HE1

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M1

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:B (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M10

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M11

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M2

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M3

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M4

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M5

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M6

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M7

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M8

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M9

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset Backed Securities Corporation Home Equity Loan Trust, Series 2005-HE2

Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M1

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M2

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M3

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M4

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M5

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M6

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M7

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M8

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Meritage Mortgage Loan Trust 2005-2

Asset-Backed Certificates, Series 2005-2, Class B-1

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-10

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-11

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-2

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-3

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-4

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-5

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-6

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-7

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-8

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Certificates, Series 2005-2, Class M-9

Date Issued:May 3, 2012
Rating Action:Confirmed
Ratings:C (sf)
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.

Download This Press Release