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

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