DBRS Morningstar Publishes Sector Profile Report on Mortgage Insurance-Linked Notes (MILNs)

DBRS, Inc. (DBRS Morningstar) published a sector profile report on Mortgage Insurance-Linked Notes (MILNs), a growing asset class within the U.S. Credit Risk Transfer (CRT) securities market. In this report, DBRS Morningstar provides a comprehensive look at key product features and structural aspects of MILNs, covering the following topics:

-- General similarities and differences between GSE CRT and MILNs.
-- Sector issuers and transactions.
-- Key terms and definitions.
-- Structural description and schematics, including typical transaction issuance framework and general structure and waterfall.
-- Credit Risk Exposure Mapping™
-- Deal statistics at issuance.

Note:
A copy of this report is available by contacting us at [email protected].

For more information on this asset class or on this industry, visit www.dbrs.com or contact us at [email protected].