DBRS Confirms Ratings on 95 Classes from 9 U.S. RMBS Transactions Based on Servicing Transfer
RMBSDBRS, Inc. has confirmed its outstanding ratings on 95 classes from 9 U.S. Residential Mortgage-Backed Securities (RMBS) transactions based on a review of the purchase of all of Aurora Bank FSB’s and Aurora Loan Services LLC’s (collectively, “Aurora”) residential mortgage servicing assets and certain other assets, including all of Aurora’s rights and obligations under the servicing agreements, pooling and servicing agreements, reconstituted servicing agreements, sale and servicing agreements, assignment and assumption agreements or similar agreements under which the mortgage loans included in the transactions reviewed are being serviced (the “Servicing Agreements”) and the physical facilities where Aurora currently conducts its servicing business by, and transfer of servicing to, Nationstar Mortgage LLC (“Nationstar”), to be effective on or about June 27, 2012 (collectively the “Purchase Transaction”).
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.
This rating is endorsed by DBRS Ratings Limited for use in the European Union.
Ratings
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