DBRS Confirms Ratings on 11 Classes from One RMBS Transactions Based on Subservicer Assignment
RMBSDBRS, Inc. (DBRS) has confirmed its outstanding ratings on 11 classes from one U.S. Residential Mortgage-Backed Securities (RMBS) transactions based on a review of the assignment of Resurgent Capital Services, LP dba Resurgent Mortgage Servicing (“the Subservicer”) to service certain residential mortgage loans, REO Properties and pools of residential mortgage loans (together, “Mortgage Loans”) on behalf of Bank of America, National Association (“the Servicer”) pursuant to the subservicing agreement, effective as of June 4th, 2012.
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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.