Press Release
DBRS Takes Rating Actions on U.S. RMBS Securities
RMBSDBRS, Inc. (DBRS) has today taken rating actions on 130 classes from 32 U.S. RMBS transactions. Of the 32 transactions reviewed, 1 class was set to discontinued-repaid and the remaining 129 classes from 32 transactions were confirmed at their current ratings.
For transactions where the rating has been confirmed, current asset performance and credit support levels have been consistent with the current rating.
The transactions affected by the rating actions consist of U.S. RMBS and ReREMIC transactions. A majority of these transactions affected by the rating actions are backed by primarily prime, Alt-A, and subprime residential pools.
The rating actions are a result of DBRS applying its updated U.S. RMBS Surveillance methodology dated January 23, 2012. The methodology describes the application of the DBRS RMBS Insight model in the surveillance process (see “RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology” on www.dbrs.com).
Notes:
The applicable methodology are U.S. RMBS Surveillance Methodology 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.
Ratings
ASG Resecuritization Trust 2012-1
BCAP LLC 2012-RR10-I Trust
BCAP LLC 2012-RR10-II Trust
BCAP LLC 2012-RR6 Trust
BCAP LLC 2012-RR7 Trust
BCAP LLC 2012-RR8 Trust
BCAP LLC 2012-RR9 Trust
BCAP LLC Trust 2007-AA1
CSMC Series 2007-3R
CWALT, Inc. Alternative Loan Trust 2005-60T1
Chase Mortgage Finance Trust Series 2007-A3
Citigroup Mortgage Loan Trust 2012-10
Citigroup Mortgage Loan Trust 2012-6
Citigroup Mortgage Loan Trust 2012-7
Citigroup Mortgage Loan Trust 2012-8
Citigroup Mortgage Loan Trust, Inc., Series 2005-WF1
Deutsche ALT-A Securities, Inc. Re-REMIC Trust, Series 2007-RS1
Deutsche Mortgage Securities, Inc. REMIC Trust, Series 2008-RS2
First Franklin Mortgage Loan Trust, Series 2005-FF1
Fremont Home Loan Trust 2006-D
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.
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Methodology Used:
Contacts
Claire Mezzanotte
Group Managing Director, Global Head of Structured Finance Ratings - Credit Ratings Leadership
+(1) 212 806 3272
claire.mezzanotte@morningstar.com- Cathlene H. Hyun
Senior Vice President - US RMBS Ratings, Surveillance
+(1) 212 806 3247
cathlene.hyun@morningstar.com - Jan Buckler
Senior Vice President, Sector Lead - Global Structured Finance Ratings
+(1) 212 806 3925
jan.buckler@morningstar.com - Kathleen Tillwitz
Managing Director - US Structured Finance Ratings, Operational Risk
+(1) 212 806 3265
kathleen.tillwitz@morningstar.com