Press Release

DBRS Discontinues Provisional Ratings on Shellpoint Asset Funding Trust 2013-2 Mortgage Pass-Through Certificates, Series 2013-2

RMBS
October 23, 2013

DBRS, Inc. (DBRS) has today discontinued the provisional ratings on the Class A and Class A-IO Certificates issued by Shellpoint Asset Funding Trust 2013-2. Provisional ratings were issued on October 18, 2013. Since then, the transaction has been terminated from the market. The Class A and Class A-IO Certificates were previously rated AAA (sf).

The applicable methodologies are:
• RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology
• Unified Interest Rate Model for U.S. RMBS Transactions
• Third-Party Due Diligence Criteria for U.S. RMBS Transactions
• Representations and Warranties Criteria for U.S. RMBS Transactions
• Legal Criteria for U.S. Structured Finance Transactions

Ratings

Shellpoint Asset Funding Trust 2013-2
  • Date Issued:Oct 23, 2013
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Oct 23, 2013
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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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