Press Release

DBRS Takes Rating Actions on U.S. RMBS Securities

RMBS
February 19, 2014

DBRS has today taken rating actions on 437 classes from 35 U.S. residential mortgage-backed security (RMBS) transactions. Of the 437 ratings reviewed, DBRS confirmed 425 classes, upgraded six classes and discontinued six others due to repayment of principal balances to noteholders.

The classes that have been upgraded exhibited positive performance trends that have led to increases in credit support sufficient to withstand stresses at their new rating level or are linked to the rating of corporate entities providing credit support to the tranche or transaction. For classes where ratings have been confirmed, current asset performance and credit support levels have been consistent with the current ratings.

The transactions affected by the rating actions consist of U.S. RMBS, net interest margin (NIM) and resecuritization of real estate mortgage investment conduit (ReREMIC) transactions. A majority of the pools backing these transactions consist of primarily prime, subprime and Alt-A residential loans.

Notes:
The applicable methodologies are U.S. RMBS Surveillance and RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology, which can be found on our website under Methodologies.

These ratings are endorsed by DBRS Ratings Limited for use in the European Union.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

Ratings

  • Asset Backed Securities Corporation Home Equity Loan Trust, Series 2005-HE1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M1BB (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M2B (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M10C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M11C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M3C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M4C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M5C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M6C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M7C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M8C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE1, Class M9C (sf)--Confirmed
    US
    More
    Less

  • Asset Backed Securities Corporation Home Equity Loan Trust, Series 2005-HE2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M1AA (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M2BBB (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M3B (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M4C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M5C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M6C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M7C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Pass-Through Certificates, Series 2005-HE2, Class M8C (sf)--Confirmed
    US
    More
    Less

  • BCAP LLC 2012-RR2 Trust

  • BCAP LLC 2012-RR4 Trust

  • BCAP LLC 2013-RR2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Resecuritization Trust Securities, Class 3A1A (sf)--Confirmed
    US
    19-Feb-14Resecuritization Trust Securities, Class 4A1A (sf)--Confirmed
    US
    19-Feb-14Resecuritization Trust Securities, Class 5A1A (sf)--Confirmed
    US
    19-Feb-14Resecuritization Trust Securities, Class 6A1A (sf)--Confirmed
    US
    19-Feb-14Resecuritization Trust Securities, Class 1A1Discontinued--Disc.-Repaid
    US
    More
    Less

  • BCAP LLC 2013-RR3 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Resecuritization Trust Securities, Class 5A1A (sf)--Confirmed
    US
    19-Feb-14Resecuritization Trust Securities, Class 7A1A (sf)--Confirmed
    US
    More
    Less

  • BNC Mortgage Loan Trust 2007-1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class A2BBB (high) (sf)--Upgraded
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class A1C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class A3C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class A4C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class A5C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class B1C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class B2C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class M1C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class M2C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class M3C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class M4C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class M5C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class M6C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class M7C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class M8C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-1, Class M9C (sf)--Confirmed
    US
    More
    Less

  • BNC Mortgage Loan Trust 2007-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class A1C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class A2C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class A3C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class A4C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class A5C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class B1C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class B2C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class M1C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class M2C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class M3C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class M4C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class M5C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class M6C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class M7C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class M8C (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-Through Certificates, Series 2007-2, Class M9C (sf)--Confirmed
    US
    More
    Less

  • BNC Mortgage Loan Trust 2007-4

  • Banc of America Funding 2012-R1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-1AAA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-1AAA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 3-A-1AAA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-2AA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-5AA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-2AA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-5AA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-3A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-6A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-3A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-6A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 3-A-2A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R1, Class 3-A-4A (sf)--Confirmed
    US
    More
    Less

  • Banc of America Funding 2012-R2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-1AAA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 2-A-1AAA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-1AAA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-2AA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-2AA (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-3A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-5A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-6A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 2-A-2A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 2-A-4A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-3A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-5A (sf)--Confirmed
    US
    19-Feb-14Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-6A (sf)--Confirmed
    US
    More
    Less

  • CSMC Series 2012-2R

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14CSMC Series 2012-2R, Class 1-A-1AAA (sf)--Confirmed
    US
    19-Feb-14CSMC Series 2012-2R, Class 1-A-6AA (sf)--Confirmed
    US
    19-Feb-14CSMC Series 2012-2R, Class 1-A-8A (sf)--Confirmed
    US
    More
    Less

  • CSMC Series 2012-3R

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Series 2012-3R, Class 1-A-3AAA (sf)--Confirmed
    US
    19-Feb-14Series 2012-3R, Class 1-A-7AA (sf)--Confirmed
    US
    19-Feb-14Series 2012-3R, Class 1-A-1A (sf)--Confirmed
    US
    More
    Less

  • CSMC Series 2013-3R

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14CSMC Series 2013-3R, 4-A-1A (sf)--Confirmed
    US
    19-Feb-14CSMC Series 2013-3R, 5-A-1A (sf)--Confirmed
    US
    More
    Less

  • CSMC Series 2013-4R

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14CSMC Series 2013-4R, 1-A-1A (sf)--Confirmed
    US
    19-Feb-14CSMC Series 2013-4R, 2-A-1A (sf)--Confirmed
    US
    More
    Less

  • CSMC Trust 2012-CIM1 Mortgage Pass-Through Certificates, Series 2012-CIM1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Class A-1AAA (sf)--Confirmed
    US
    19-Feb-14Class A-2AAA (sf)--Confirmed
    US
    19-Feb-14Class A-IO-1AAA (sf)--Confirmed
    US
    19-Feb-14Class A-IO-2AAA (sf)--Confirmed
    US
    19-Feb-14Class B-1AA (sf)--Confirmed
    US
    19-Feb-14Class B-2A (sf)--Confirmed
    US
    19-Feb-14Class B-3BBB (sf)--Confirmed
    US
    19-Feb-14Class B-4BB (sf)--Confirmed
    US
    More
    Less

  • CSMC Trust 2013-IVR1 Mortgage Pass-Through Certificates, Series 2013-IVR1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Class A-1AAA (sf)--Confirmed
    US
    19-Feb-14Class A-2AAA (sf)--Confirmed
    US
    19-Feb-14Class A-3AAA (sf)--Confirmed
    US
    19-Feb-14Class A-4AAA (sf)--Confirmed
    US
    19-Feb-14Class A-5AAA (sf)--Confirmed
    US
    19-Feb-14Class A-5-X-1AAA (sf)--Confirmed
    US
    19-Feb-14Class A-5-X-2AAA (sf)--Confirmed
    US
    19-Feb-14Class A-6AAA (sf)--Confirmed
    US
    19-Feb-14Class A-7AAA (sf)--Confirmed
    US
    19-Feb-14Class A-8 AAA (sf)--Confirmed
    US
    19-Feb-14Class A-8-X-1AAA (sf)--Confirmed
    US
    19-Feb-14Class A-8-X-2AAA (sf)--Confirmed
    US
    19-Feb-14Class A-9AAA (sf)--Confirmed
    US
    19-Feb-14Class A-X-1AAA (sf)--Confirmed
    US
    19-Feb-14Class B-1AA (sf)--Confirmed
    US
    19-Feb-14Class B-2A (sf)--Confirmed
    US
    19-Feb-14Class B-3BBB (sf)--Confirmed
    US
    19-Feb-14Class B-4BB (sf)--Confirmed
    US
    More
    Less

  • CSMC Trust 2013-IVR2

  • CSMC Trust 2013-TH1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Mortgage Pass-through Certificates, Series 2013-TH1, Class A-1AAA (sf)--Confirmed
    US
    19-Feb-14Mortgage Pass-through Certificates, Series 2013-TH1, Class A-IO-1AAA (sf)--Confirmed
    US
    More
    Less

  • CWABS Asset-Backed Certificates Trust 2006-SPS1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class AC (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class BC (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class M-1C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class M-2C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class M-3C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class M-4C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class M-5C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class M-6C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class M-7C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class M-8C (sf)--Confirmed
    US
    19-Feb-14Asset-Backed Certificates, Series 2006-SPS1, Class M-9C (sf)--Confirmed
    US
    More
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    • Show More Issuers
Asset Backed Securities Corporation Home Equity Loan Trust, Series 2005-HE1
Asset Backed Securities Corporation Home Equity Loan Trust, Series 2005-HE2
BCAP LLC 2012-RR2 Trust
BCAP LLC 2012-RR4 Trust
BCAP LLC 2013-RR2 Trust
BCAP LLC 2013-RR3 Trust
BNC Mortgage Loan Trust 2007-1
BNC Mortgage Loan Trust 2007-2
BNC Mortgage Loan Trust 2007-4
Banc of America Funding 2012-R1 Trust
Banc of America Funding 2012-R2 Trust
CSMC Series 2012-2R
CSMC Series 2012-3R
CSMC Series 2013-3R
CSMC Series 2013-4R
CSMC Trust 2012-CIM1 Mortgage Pass-Through Certificates, Series 2012-CIM1
CSMC Trust 2013-IVR1 Mortgage Pass-Through Certificates, Series 2013-IVR1
CSMC Trust 2013-IVR2
CSMC Trust 2013-TH1
CWABS Asset-Backed Certificates Trust 2006-SPS1
Show More Issuers
  • 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

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