DBRS Confirms Ratings on AH Mortgage Servicer Advance Revolving Trust 1, Advance Receivable Backed Notes, Series 2011-1

DBRS, Inc. (DBRS) has today confirmed the following ratings to the AH Mortgage Servicer Advance Revolving Trust 1, Advance Receivable Backed Notes, Series 2011-1 (the Trust):

-- Class A2 Term Notes rated at AAA (sf)
-- Class A VFN rated at AAA (sf)
-- Class B1 Term Notes rated at BBB (sf)

DBRS has also discontinued the rating on the Series 2011-1 Class A1 Term Notes, previously rated at AAA (sf), due to repayment of the notes.

DBRS reviewed the issuance of AH Mortgage Servicer Advance Revolving Trust 1, Advance Receivable Backed Notes, Series 2012-1, Class A1 Term Notes which will be pari-passu to the Series 2011-1, A2 Term Notes and Series 2011-1, A VFN (Variable Funding Notes). The confirmation of the ratings are based on the operational expertise and financial condition of the servicer, historical advance recovery rates of the servicer, collateral credit quality and the financial and legal structure of the transaction.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. RMBS Servicing Advance Transactions, which can be found on our website under Methodologies.