DBRS Confirms Ratings on AH Mortgage Advance Company, Ltd. & AH Mortgage Servicer Advance Revolving Trust 3

DBRS Inc. (DBRS) has confirmed its outstanding ratings on the AH Mortgage Servicing Advance Company, Ltd. Series 2012-1 and 2012-2 And AH Mortgage Servicer Advance Revolving Trust 3 Series 2012-OS (together the SART 3 Notes). The confirmation is based on a review of the amendment to the indenture dated as of December 5, 2012 (the “SART 3 Indenture”), by and among AH Mortgage Advance Company Ltd., as Issuer, Wells Fargo Bank, National Association, as Indenture Trustee, Calculation Agent and Securities Intermediary, and Homeward Residential, Inc. as Administrator and Servicer relating to AH Mortgage Advance Company, Ltd. And AH Mortgage Servicer Advance Revolving Trust 3. 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.