DBRS Updates RMBS Insight 1.2: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology

DBRS, Inc. (DBRS) has today updated its methodology “RMBS Insight 1.2: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology.” This methodology, effective as of the date of this press release, supersedes the previous methodology “RMBS Insight 1.2: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology,” dated March 2014.

In this update, DBRS moved the originator and servicer review sections in Appendix 2 to their stand-alone methodologies titled “Operational Risk Assessment for U.S. RMBS Originators” and “Operational Risk Assessment for U.S. RMBS Servicers,” respectively. The two operational risk assessment methodologies are published as a result of DBRS’s update of its Internal Assessments Global Policy.

No other changes were made to the existing methodology. DBRS does not deem the methodology update to be material and does not expect any rating actions as a result of this update.

The full methodology providing additional analytical detail is available by clicking on “RMBS Insight 1.2: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology” or by contacting us at info@dbrs.com. The Internal Assessments Global Policy is also publicly available at www.dbrs.com under Rating Policies.

Note:
DBRS criteria and methodologies are publicly available on its website www.dbrs.com under Methodologies.