Press Release

DBRS Takes Rating Actions on U.S. RMBS Securities

RMBS
March 11, 2015

DBRS, Inc. (DBRS) has today reviewed 309 classes from 44 U.S. residential mortgage-backed security (RMBS) transactions. Of the 309 classes reviewed, 135 were upgraded, 164 classes were confirmed, one class was downgraded and nine classes were discontinued due to full principal repayment to the bondholders.

The rating upgrades reflect positive performance trends and these classes have experienced increases in credit support sufficient to withstand stresses at their new rating level. For transactions where the rating has been confirmed, current asset performance and credit support levels have been consistent with the current rating. The downgrades reflect a combination of the continued erosion of credit support in these transactions as a result of negative trends in delinquency and projected loss activity.

The transactions consist of U.S. re-securitization of real estate mortgage investment conduit (ReREMIC) transactions. The pools backing these transactions consist of 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

  • BCAP LLC 2011 RR4 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Class 4A1AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A2AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A3AAA (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A4AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A5AAA (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A6AAA (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 5A1AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 5A2AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 5A4AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 5A5AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 5A6AAA (sf)--Confirmed
    US
    More
    Less

  • BCAP LLC 2011-RR1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Class 2A2AAA (sf)--Confirmed
    US
    E
    11-Mar-15Resecuritization Trust Securities, Class 2A3AAA (sf)--Confirmed
    US
    E
    11-Mar-15Resecuritization Trust Securities, Class 2A4AAA (sf)--Confirmed
    US
    E
    11-Mar-15Resecuritization Trust Securities, Class 3A2Discontinued--Disc.-Repaid
    US
    11-Mar-15Resecuritization Trust Securities, Class 6A1Discontinued--Disc.-Repaid
    US
    11-Mar-15Resecuritization Trust Securities, Class 8A1Discontinued--Disc.-Repaid
    US
    More
    Less

  • BCAP LLC 2011-RR10 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Class 3A1AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 3A2AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 3A4AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A1AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A2AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A3AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 5A2AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 5A3AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 3A3AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 3A5AA (high) (sf)--Upgraded
    US
    More
    Less

  • BCAP LLC 2011-RR11 Trust

  • BCAP LLC 2011-RR12 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Class 1A1AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 1A2AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 1A4AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 2A1AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 2A2AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 2A4AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 1A3AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 1A5AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 1A6AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 2A3AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 2A5AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 2A6AA (high) (sf)--Upgraded
    US
    More
    Less

  • BCAP LLC 2011-RR2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Class 3A2Discontinued--Disc.-Repaid
    US
    11-Mar-15Resecuritization Trust Securities, Class 3A3Discontinued--Disc.-Repaid
    US
    More
    Less

  • BCAP LLC 2011-RR6 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Class 11A1AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 11A2AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 11A4AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 11A3AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 11A5AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 11A6AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 11A7AA (high) (sf)--Upgraded
    US
    More
    Less

  • BCAP LLC 2011-RR9 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Class 2A1AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A2AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A3AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 4A7AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 6A1AAA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Securities, Class 6A2AAA (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Class 6A3AAA (sf)--Upgraded
    US
    More
    Less

  • Banc of America Funding 2010-R9 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Mortgage Security-Backed Certificates, Class 1-A-1AAA (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Class 2-A-1AAA (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Class 3-A-2AAA (sf)--Confirmed
    US
    More
    Less

  • Banc of America Funding 2011-R2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Mortgage Security-Backed Certificates, Class 1-A-1AAA (sf)--Confirmed
    US
    E
    More
    Less

  • Banc of America Funding 2012-R1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-1AAA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-1AAA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-2AAA (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-5AAA (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 3-A-1AAA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-2AA (high) (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-5AA (high) (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-3AA (high) (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 2-A-6AA (high) (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 3-A-2AA (high) (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 3-A-4AA (high) (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-3AA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R1, Class 1-A-6AA (sf)--Confirmed
    US
    More
    Less

  • Banc of America Funding 2012-R2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-1AAA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 2-A-1AAA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-1AAA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-2AA (high) (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 2-A-2AA (high) (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 2-A-4AA (high) (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-2AA (high) (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-3AA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-5AA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 1-A-6AA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-3AA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-5AA (sf)--Confirmed
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R2, Class 3-A-6AA (sf)--Confirmed
    US
    More
    Less

  • Banc of America Funding 2012-R6 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R6, Class 2A1AA (high) (sf)--Upgraded
    US
    11-Mar-15Mortgage Security-Backed Certificates, Series 2012-R6, Class 3A1AA (high) (sf)--Upgraded
    US
    More
    Less

  • Canvas Securitization LLC

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Canvas Securitization LLC, Series RR1, Class A-2AAA (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR10, Class A-2AAA (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR11, Class A-2AAA (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR12, Class A-2AAA (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR13, Class A-2AAA (sf)--Confirmed
    US
    11-Mar-15Canvas Securitization LLC, Series RR15, Class A-2AAA (sf)--Confirmed
    US
    11-Mar-15Canvas Securitization LLC, Series RR16, Class A-2AAA (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR3, Class A-2AAA (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR4, Class A-2AAA (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR6, Class A-2AAA (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR5, Class A-2AA (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR9, Class A-2AA (low) (sf)--Upgraded
    US
    11-Mar-15Canvas Securitization LLC, Series RR14, Class A-2BBB (sf)--Confirmed
    US
    11-Mar-15Canvas Securitization LLC, Series RR2, Class A-2BBB (sf)--Confirmed
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2012-11

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Series 2012-11, Class 3A1AA (high) (sf)--Upgraded
    US
    E
    More
    Less

  • Citigroup Mortgage Loan Trust 2012-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Certificates, Series 2012-2, Class 1A1AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-2, Class 2A1AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-2, Class 4A3AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-2, Class 4A1AA (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-2, Class 4A4AA (sf)--Upgraded
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2012-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Certificates, Series 2012-3, Class 1A1AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-3, Class 2A1AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-3, Class 4A3AA (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-3, Class 4A1A (sf)--Confirmed
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2012-4

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Certificates, Series 2012-4, Class 2A1AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-4, Class 3A1AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-4, Class 3A3AA (high) (sf)--Confirmed
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-4, Class 1A1Discontinued--Disc.-Repaid
    US
    11-Mar-15Resecuritization Trust Certificates, Series 2012-4, Class 1A3Discontinued--Disc.-Repaid
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2012-5

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Series 2012-5, Class 2A1AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Series 2012-5, Class 3A1Discontinued--Disc.-Repaid
    US
    More
    Less

  • Citigroup Mortgage Loan Trust 2012-6

    Date IssuedDebt RatedRatingTrendActionAttributesi
    11-Mar-15Resecuritization Trust Securities, Series 2012-6, Class 2A1AA (high) (sf)--Upgraded
    US
    11-Mar-15Resecuritization Trust Securities, Series 2012-6, Class 1A1AA (high) (sf)--Upgraded
    US
    More
    Less
    • Show More Issuers
BCAP LLC 2011 RR4 Trust
BCAP LLC 2011-RR1 Trust
BCAP LLC 2011-RR10 Trust
BCAP LLC 2011-RR11 Trust
BCAP LLC 2011-RR12 Trust
BCAP LLC 2011-RR2 Trust
BCAP LLC 2011-RR6 Trust
BCAP LLC 2011-RR9 Trust
Banc of America Funding 2010-R9 Trust
Banc of America Funding 2011-R2 Trust
Banc of America Funding 2012-R1 Trust
Banc of America Funding 2012-R2 Trust
Banc of America Funding 2012-R6 Trust
Canvas Securitization LLC
Citigroup Mortgage Loan Trust 2012-11
Citigroup Mortgage Loan Trust 2012-2
Citigroup Mortgage Loan Trust 2012-3
Citigroup Mortgage Loan Trust 2012-4
Citigroup Mortgage Loan Trust 2012-5
Citigroup Mortgage Loan Trust 2012-6
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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