DBRS Confirms Earnest Funding 6 LLC Warehouse Notes at A (sf)

DBRS, Inc. (DBRS) has today reviewed the rating for U.S. structured finance transaction Earnest Funding 6 LLC and confirmed the rating at its current level of A (sf). Performance trends are such that credit enhancement levels are sufficient to cover DBRS’s expected losses at the current rating level.

The rating is based on DBRS’s review of the following analytical considerations:
-- Transaction capital structure, proposed ratings and form and sufficiency of available credit enhancement.
-- The transaction parties’ capabilities with regard to origination, underwriting and servicing.
-- The credit quality of the collateral pool and historical performance.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

Please see attached appendix for additional information regarding sensitivity of assumptions used in the rating process.