Press Release

DBRS Takes Rating Actions on U.S. RMBS.

RMBS
August 01, 2012

DBRS, Inc. (DBRS) has today taken rating actions on 174 U.S. Residential Mortgage-Backed Securities (RMBS) classes from 76 transactions.

Of the 174 classses reviewed, 52 RMBS classes from 12 transactions were confirmed, 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), and set to Discontinued--Repaid.

Furthermore, 11 RMBS classes from 11 transactions were set to Discontinued--Repaid. The remaining 111 RMBS classes from 54 transactions were confirmed at C (sf) and removed from Under Review with Developing Implications.

The above transactions consist of traditional RMBS and ReREMIC transactions.

Notes:
The applicable methodology is U.S. RMBS Surveillance, which can be found on our website under Methodologies.

These ratings are endorsed by DBRS Ratings Limited for use in the European Union.

Ratings

ACE Securities Corp. Home Equity Loan Trust, Series 2006-HE2
ACE Securities Corp. Home Equity Loan Trust, Series 2006-NC3
ASG Resecuritization Trust 2009-1
Asset Backed Securities Corporation Home Equity Loan Trust, Series WMC 2005-HE5
BCAP LLC Trust 2007-AA1
BNC Mortgage Loan Trust 2007-4
Banc of America Mortgage 2007-3 Trust
Bear Stearns Alt-A Trust 2007-2
C-BASS 2004-CB4 Trust
C-BASS 2005-CB1 Trust
C-BASS 2005-CB3 Trust
C-BASS 2005-CB5 Trust
C-BASS 2005-CB7 Trust
C-BASS 2006-CB1 Trust
C-BASS 2006-CB2 TRUST
C-BASS 2006-CB4 TRUST
C-BASS 2006-CB6 Trust
C-BASS 2006-CB8 Trust
C-BASS 2007-CB6 Trust
C-BASS 2007-SP1 Trust
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  • 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.