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

DBRS Inc. (DBRS) has confirmed its outstanding ratings on the AH Mortgage Servicer Advance Revolving Trust 1, Advance Receivable Backed Notes, Series 2011-1 and Series 2012-1 (together the SART 1 Notes). The confirmation is based on a review of the amendment to the Amended and Restated Indenture, dated as of December 5, 2012 (the “SART 1 Indenture”), by and between AH Mortgage Servicer Advance Revolving Trust 1, as Issuer and Wells Fargo Bank, National Association, as Indenture Trustee relating to the AH Mortgage Servicer Advance Revolving Trust 1 Advance Receivables Backed Notes, Series 2011-1 and Series 2012-1. This amendment revises the “Change of Control” definition to allow for 100% acquisition of Homeward Residential Holding, Inc. by Ocwen Financial Corporation.

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

This rating is endorsed by DBRS Ratings Limited for use in the European Union.