DBRS Confirms Bank of America, N.A. as Depository on 298 Classes from Twenty Four RMBS Transactions
RMBSDBRS, Inc. (DBRS) has confirmed Bank of America, N.A. (“the Servicer”) as depository for noninterest-bearing demand deposit accounts used to collect mortgage loan principal and interest payments related to 298 classes from 24 RMBS transactions below. The confirmation is based on a review of Bank of America’s capacity to hold collection accounts as per DBRS criteria.
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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.