Press Release

DBRS Takes Rating Actions on U.S. RMBS Securities

RMBS
April 22, 2016

DBRS, Inc. (DBRS) has today reviewed 438 classes from 53 U.S. residential mortgage-backed security (RMBS) transactions. Of the 438 classes reviewed, 106 classes were upgraded, 288 classes were confirmed and 44 classes were discontinued due to full principal repayment to the bondholders.

The rating upgrades reflect positive performance trends and that 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 transactions consist of U.S. RMBS and re-securitization of real estate mortgage investment conduit (ReREMIC) transactions. The pools backing these transactions consist of Second Lien, Scratch and Dent, HELOC, Alt-A, Prime and Subprime collateral.

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.

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

Ratings

  • ASG Resecuritization Trust 2010-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16REMIC Notes, Series 2010-2, Class A55AAA (sf)--Upgraded
    US
    22-Apr-16REMIC Notes, Series 2010-2, Class A60AAA (sf)--Upgraded
    US
    22-Apr-16REMIC Notes, Series 2010-2, Class G55AAA (sf)--Upgraded
    US
    22-Apr-16REMIC Notes, Series 2010-2, Class G60AAA (sf)--Upgraded
    US
    22-Apr-16REMIC Notes, Series 2010-2, Class A50Discontinued--Disc.-Repaid
    US
    22-Apr-16REMIC Notes, Series 2010-2, Class G50Discontinued--Disc.-Repaid
    US
    More
    Less
  • BCAP LLC 2008-RR2 Trust

  • BCAP LLC 2012-RR1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 1A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A2AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A3AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 6A2AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 6A3AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A2AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A3AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A2AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A3AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A2AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A3AA (sf)--Confirmed
    US
    More
    Less
  • BCAP LLC 2012-RR10-I Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 6A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A2AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A4AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A1AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 6A2AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 6A4AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A3AA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A5AA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 9A1AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 6A3A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 6A5A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A1Discontinued--Disc.-Repaid
    US
    More
    Less
  • BCAP LLC 2012-RR10-II Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 5A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A2AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A3AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A4AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A5AAA (sf)--Upgraded
    US
    More
    Less
  • BCAP LLC 2012-RR11 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 10A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 10A2AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 10A3AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 10A4AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 10A5AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 11A1AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A1AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A1AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 9A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A1AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 6A1AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A1Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A1Discontinued--Disc.-Repaid
    US
    More
    Less
  • BCAP LLC 2012-RR12 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 2A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A1AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A1AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A1Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A1Discontinued--Disc.-Repaid
    US
    More
    Less
  • BCAP LLC 2012-RR2 Trust

  • BCAP LLC 2012-RR3 Trust

  • BCAP LLC 2012-RR4 Trust

  • BCAP LLC 2012-RR5 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 3A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A2AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A3AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A4AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A5AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A6AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A2AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A4AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A2AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A4AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A3A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A5A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A6A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A3A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A5A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A6A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A2Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A3Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A4Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A5Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A6Discontinued--Disc.-Repaid
    US
    More
    Less
  • BCAP LLC 2012-RR6 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 1A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A2AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A5AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A2AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A3AA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A4AA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A6AA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A2AA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A3AA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A2AA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A3AA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A3A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A4A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A5A (sf)--Confirmed
    US
    More
    Less
  • BCAP LLC 2012-RR7 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 3A1AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A5AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A6AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A1AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A4Discontinued--Disc.-Repaid
    US
    More
    Less
  • BCAP LLC 2012-RR8 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 5A2AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A3AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A1Discontinued--Disc.-Repaid
    US
    More
    Less
  • BCAP LLC 2012-RR9 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 3A3AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A5AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A6AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A2Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 2A3Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A1Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A2Discontinued--Disc.-Repaid
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A4Discontinued--Disc.-Repaid
    US
    More
    Less
  • BCAP LLC 2013-RR1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 1A1AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A2AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A3AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A4AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 7A5AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A2AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A3AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A4AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 8A5AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 6A1AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A1A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 9A1Discontinued--Disc.-Repaid
    US
    More
    Less
  • BCAP LLC 2013-RR2 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 3A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 4A1AAA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 5A1AAA (sf)--Upgraded
    US
    22-Apr-16Resecuritization Trust Securities, Class 6A1AA (sf)--Confirmed
    US
    More
    Less
  • BCAP LLC 2013-RR3 Trust

  • BCAP LLC 2013-RR7 Trust

  • BCAP LLC 2013-RR8 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    22-Apr-16Resecuritization Trust Securities, Class 4A1AA (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 1A1A (sf)--Confirmed
    US
    22-Apr-16Resecuritization Trust Securities, Class 3A1A (sf)--Confirmed
    US
    More
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  • Show More Issuers
ASG Resecuritization Trust 2010-2
BCAP LLC 2008-RR2 Trust
BCAP LLC 2012-RR1 Trust
BCAP LLC 2012-RR10-I Trust
BCAP LLC 2012-RR10-II Trust
BCAP LLC 2012-RR11 Trust
BCAP LLC 2012-RR12 Trust
BCAP LLC 2012-RR2 Trust
BCAP LLC 2012-RR3 Trust
BCAP LLC 2012-RR4 Trust
BCAP LLC 2012-RR5 Trust
BCAP LLC 2012-RR6 Trust
BCAP LLC 2012-RR7 Trust
BCAP LLC 2012-RR8 Trust
BCAP LLC 2012-RR9 Trust
BCAP LLC 2013-RR1 Trust
BCAP LLC 2013-RR2 Trust
BCAP LLC 2013-RR3 Trust
BCAP LLC 2013-RR7 Trust
BCAP LLC 2013-RR8 Trust
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

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.