Press Release

DBRS Confirms Ratings on 95 Classes from 9 U.S. RMBS Transactions Based on Servicing Transfer

RMBS
June 28, 2012

DBRS, 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

Lehman Mortgage Trust 2008-6
Lehman XS Trust 2006-5
MASTR Adjustable Rate Mortgages Trust 2007-3
Residential Loan Trust 2008-AH1
SASCO NIM Company 2007-BC2 & SASCO ARC Corporation
Structured Adjustable Rate Mortgage Loan Trust 2008-2
Structured Asset Securities Corporation Mortgage Loan Trust 2006-BC2
Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC1
Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC4
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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.