Press Release

DBRS Confirms 256 Classes and Upgrades 15 Classes of U.S. RMBS Securities

RMBS
March 28, 2014

DBRS has today confirmed 256 classes and upgraded 15 classes (271 total classes) from 16 U.S. residential mortgage-backed security (RMBS) transactions. These classes were also removed from Under Review with Developing Implications (see “DBRS Publishes Updated U.S. RMBS Surveillance Methodology and Places Ratings Under Review with Developing Implications,” published on March 3, 2014).

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. The rating confirmations reflect current asset performance and credit support levels that are consistent with the current ratings.

The rating actions are the result of DBRS applying its updated “U.S. RMBS Surveillance Methodology” and “RMBS Insight 1.2: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology.”

The transactions affected by the rating actions consist of U.S. RMBS transactions. A majority of the pools backing these transactions consist of primarily prime and Alt-A residential loans.

Notes:
The applicable methodologies are U.S. RMBS Surveillance Methodology and RMBS Insight 1.2: U.S. Residential Mortgage-Backed Securities 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.

Ratings

  • Banc of America Funding 2011-SD1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14Mortgage Pass-Through Certificates, Series 2011-SD1, Class AAAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2011-SD1, Class M1AA (high) (sf)--Upgraded
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2011-SD1, Class M2AA (sf)--Upgraded
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2011-SD1, Class M3A (sf)--Upgraded
    US
    More
    Less

  • CSMC Series 2010-16

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14CSMC Series 2010-16 Securities, Class A-2AA (high) (sf)--Upgraded
    US
    28-Mar-14CSMC Series 2010-16 Securities, Class A-3AA (sf)--Upgraded
    US
    28-Mar-14CSMC Series 2010-16 Securities, Class A-4A (sf)--Upgraded
    US
    More
    Less

  • CSMC Trust 2012-9 Mortgage Pass-Through Certificates, Series 2012-9

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14Series 2012-9, Class A-1AAA (sf)--Confirmed
    US
    28-Mar-14Series 2012-9, Class A-1-AAAA (sf)--Confirmed
    US
    28-Mar-14Series 2012-9, Class A-IOAAA (sf)--Confirmed
    US
    28-Mar-14Series 2012-9, Class B-1A (sf)--Upgraded
    US
    More
    Less

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

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14Class A-1AAA (sf)--Confirmed
    US
    28-Mar-14Class A-2AAA (sf)--Confirmed
    US
    28-Mar-14Class A-IO-1AAA (sf)--Confirmed
    US
    28-Mar-14Class A-IO-2AAA (sf)--Confirmed
    US
    28-Mar-14Class B-1AA (high) (sf)--Upgraded
    US
    28-Mar-14Class B-2AA (sf)--Upgraded
    US
    28-Mar-14Class B-3A (sf)--Upgraded
    US
    28-Mar-14Class B-4BBB (sf)--Upgraded
    US
    More
    Less

  • CSMC Trust 2012-CIM2 Mortgage Pass-Through Certificates, Series 2012-CIM2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14Mortgage Pass-through Certificates, Series 2012-CIM2, Class A-1AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-through Certificates, Series 2012-CIM2, Class A-IO-1*AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-through Certificates, Series 2012-CIM2, Class B-1AA (high) (sf)--Upgraded
    US
    28-Mar-14Mortgage Pass-through Certificates, Series 2012-CIM2, Class B-2AA (sf)--Upgraded
    US
    28-Mar-14Mortgage Pass-through Certificates, Series 2012-CIM2, Class B-3A (sf)--Upgraded
    US
    28-Mar-14Mortgage Pass-through Certificates, Series 2012-CIM2, Class B-4BBB (sf)--Upgraded
    US
    More
    Less

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

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

  • CSMC Trust 2013-IVR2

  • CSMC Trust 2013-IVR3

  • CSMC Trust 2013-IVR4

  • CSMC Trust 2013-IVR5

  • CSMC Trust 2013-TH1

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

  • EverBank Mortgage Loan Trust 2013-1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14Class A-1AAA (sf)--Confirmed
    US
    28-Mar-14Class A-2AAA (sf)--Confirmed
    US
    28-Mar-14Class A-IOAAA (sf)--Confirmed
    US
    28-Mar-14Class A-IO1AAA (sf)--Confirmed
    US
    More
    Less

  • J.P. Morgan Mortgage Trust 2013-1 Mortgage Pass-Through Certificates, Series 2013-1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 1-A-2AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 1-A-3AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 1-A-4AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 1-A1AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-1AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-2AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-3AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-4AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 1-AX-5AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 2-A-2AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 2-A-3AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 2-A-4AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 2-A1AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-1AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-2AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-3AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-4AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class 2-AX-5AAA (sf)--Confirmed
    US
    More
    Less

  • J.P. Morgan Mortgage Trust 2013-2 Mortgage Pass-Through Certificates, Series 2013-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-1AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-2AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-3AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-4AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-5AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-6AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-IO1AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-IO2AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-IO3AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-IO4AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-IO5AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-2, Class A-MAAA (sf)--Confirmed
    US
    More
    Less

  • J.P. Morgan Mortgage Trust 2013-3 Mortgage Pass-Through Certificates, Series 2013-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14Class A-1AAA (sf)--Confirmed
    US
    28-Mar-14Class A-10AAA (sf)--Confirmed
    US
    28-Mar-14Class A-11AAA (sf)--Confirmed
    US
    28-Mar-14Class A-2AAA (sf)--Confirmed
    US
    28-Mar-14Class A-3AAA (sf)--Confirmed
    US
    28-Mar-14Class A-4AAA (sf)--Confirmed
    US
    28-Mar-14Class A-5AAA (sf)--Confirmed
    US
    28-Mar-14Class A-6AAA (sf)--Confirmed
    US
    28-Mar-14Class A-7AAA (sf)--Confirmed
    US
    28-Mar-14Class A-8AAA (sf)--Confirmed
    US
    28-Mar-14Class A-9AAA (sf)--Confirmed
    US
    28-Mar-14Class A-IO1AAA (sf)--Confirmed
    US
    28-Mar-14Class A-IO2AAA (sf)--Confirmed
    US
    28-Mar-14Class A-IO3AAA (sf)--Confirmed
    US
    28-Mar-14Class A-IO4AAA (sf)--Confirmed
    US
    28-Mar-14Class A-IO5AAA (sf)--Confirmed
    US
    28-Mar-14Class A-MAAA (sf)--Confirmed
    US
    28-Mar-14Class B-1AA (sf)--Confirmed
    US
    28-Mar-14Class B-2A (sf)--Confirmed
    US
    28-Mar-14Class B-3BBB (sf)--Confirmed
    US
    28-Mar-14Class B-4BB (sf)--Confirmed
    US
    More
    Less

  • Shellpoint Asset Funding Trust 2013-1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class A-1AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class A-2AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class A-2-IOAAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class A-3AAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class A-IOAAA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class B-1AA (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class B-2A (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class B-3BBB (sf)--Confirmed
    US
    28-Mar-14Mortgage Pass-Through Certificates, Series 2013-1, Class B-4BB (sf)--Confirmed
    US
    More
    Less
Banc of America Funding 2011-SD1 Trust
CSMC Series 2010-16
CSMC Trust 2012-9 Mortgage Pass-Through Certificates, Series 2012-9
CSMC Trust 2012-CIM1 Mortgage Pass-Through Certificates, Series 2012-CIM1
CSMC Trust 2012-CIM2 Mortgage Pass-Through Certificates, Series 2012-CIM2
CSMC Trust 2013-IVR1 Mortgage Pass-Through Certificates, Series 2013-IVR1
CSMC Trust 2013-IVR2
CSMC Trust 2013-IVR3
CSMC Trust 2013-IVR4
CSMC Trust 2013-IVR5
CSMC Trust 2013-TH1
EverBank Mortgage Loan Trust 2013-1
J.P. Morgan Mortgage Trust 2013-1 Mortgage Pass-Through Certificates, Series 2013-1
J.P. Morgan Mortgage Trust 2013-2 Mortgage Pass-Through Certificates, Series 2013-2
J.P. Morgan Mortgage Trust 2013-3 Mortgage Pass-Through Certificates, Series 2013-3
Shellpoint Asset Funding Trust 2013-1
  • 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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