DBRS Takes Rating Action on Interest Rate Swap Relating to RMBS Transaction

DBRS has today taken action on the following ratings to the ultimate payment of any potential interest rate swap (IRS) termination amounts which may be owed by the RMBS trusts to J.P. Morgan Chase Bank, N.A., in the event of a failure to pay default where the trust is the defaulting party.

-- Interest rate swap between CWABS Asset-Backed Certificates Trust 2007-10 and J.P. Morgan Chase Bank, N.A., confirmed at AA (sf).

The ratings do not address (a) the likelihood that a swap termination event occurs on or before the swap termination date, (b) the payment of any swap termination payments owed by J.P. Morgan Chase Bank, N.A. to the trusts and (c) termination payments owed by the trusts to J.P. Morgan Chase Bank, N.A. if J.P. Morgan Chase Bank N.A. is the defaulting party.

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.