Press Release

DBRS Morningstar Takes Rating Actions on 26 U.S. RMBS Transactions

RMBS
April 08, 2020

DBRS, Inc. (DBRS Morningstar) reviewed 327 classes from 26 legacy U.S. residential mortgage-backed security (RMBS) transactions issued prior to the Great Recession. Of the 327 classes reviewed, DBRS Morningstar confirmed all classes.

Due to the potential economic hardship caused by Coronavirus Disease (COVID-19), DBRS Morningstar anticipates that delinquencies may arise in the coming months for many RMBS asset classes, some meaningfully. In the legacy sector, borrowers who recently defaulted and/or modified, or those who are currently “underwater,” may be most at risk for future defaults. However, these same borrowers have also weathered the last downturn and have generally accumulated some equity in their homes. In addition, compared with those in the prime jumbo sector, these borrowers are more likely to benefit from the direct-to-consumer economic support offered by the various government relief initiatives.

DBRS Morningstar will continue to monitor transactions across U.S. RMBS asset classes with respect to their exposure to coronavirus and will take necessary rating actions if performance deteriorates beyond expectation.

The rating actions are a result of DBRS Morningstar’s application of the U.S. RMBS Surveillance Methodology published in February 2020.

The pools backing these RMBS transactions consist of Alt-A, second-lien, and subprime collateral.

The ratings assigned to the securities below differ from the ratings implied by the quantitative model. DBRS Morningstar considers this difference to be a material deviation, but in this case, the ratings of the subject securities reflect either additional seasoning being warranted to substantiate a further upgrade or actual deal or tranche performance not being fully reflected in the projected cash flows/model output.

-- Aegis Asset Backed Securities Trust 2005-2, Mortgage-Backed Notes, Series 2005-2, Class M3
-- Accredited Mortgage Loan Trust 2006-1, Asset-Backed Notes, Series 2006-1, Class A-4
-- Accredited Mortgage Loan Trust 2006-1, Asset-Backed Notes, Series 2006-1, Class M-1
-- ACE Securities Corp. Home Equity Loan Trust, Series 2004-HE4, Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-1
-- ACE Securities Corp. Home Equity Loan Trust, Series 2005-RM1, Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-3
-- ACE Securities Corp. Home Equity Loan Trust, Series 2005-RM1, Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-4
-- Citigroup Mortgage Loan Trust Inc., Series 2005-WF2, Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-3
-- Citigroup Mortgage Loan Trust Inc., Series 2005-WF2, Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-4
-- Citigroup Mortgage Loan Trust Inc., Series 2005-WF2, Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-5
-- Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM1, Asset-Backed Certificates, Series 2006-FM1, Class I-A
-- Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM1, Asset-Backed Certificates, Series 2006-FM1, Class II-A-3
-- Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM1, Asset-Backed Certificates, Series 2006-FM1, Class II-A-4
-- Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-HE2, Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class A-4
-- Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-HE2, Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-1
-- Structured Asset Securities Corporation Mortgage Loan Trust 2005-OPT1, Mortgage Pass-Through Certificates, Series 2005-OPT1, Class A2
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC1, Mortgage Pass-Through Certificates, Series 2007-BC1, Class A1
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC1, Mortgage Pass-Through Certificates, Series 2007-BC1, Class A4
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC1, Mortgage Pass-Through Certificates, Series 2007-BC1, Class A5
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC1, Mortgage Pass-Through Certificates, Series 2007-BC1, Class A6
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC4, Mortgage Pass-Through Certificates, Series 2007-BC4, Class A1
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC4, Mortgage Pass-Through Certificates, Series 2007-BC4, Class A2
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC4, Mortgage Pass-Through Certificates, Series 2007-BC4, Class A4
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC4, Mortgage Pass-Through Certificates, Series 2007-BC4, Class M1
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-WF2, Mortgage Pass-Through Certificates, Series 2007-WF2, Class A1
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-WF2, Mortgage Pass-Through Certificates, Series 2007-WF2, Class A3
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-WF2, Mortgage Pass-Through Certificates, Series 2007-WF2, Class A4
-- SG Mortgage Securities Trust 2006-OPT2, Asset-Backed Certificates, Series 2006-OPT2, Class A-1
-- SG Mortgage Securities Trust 2006-OPT2, Asset-Backed Certificates, Series 2006-OPT2, Class A-3B
-- Sequoia Mortgage Trust 2005-3, Mortgage Pass-Through Certificates, Series 2005-3, Class X-A
-- Sequoia Mortgage Trust 2005-3, Mortgage Pass-Through Certificates, Series 2005-3, Class X-B

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework and its methodologies can be found at: https://www.dbrsmorningstar.com/research/357792.

Notes:
The principal methodologies are the U.S. RMBS Surveillance Methodology and RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology, which can be found on dbrsmorningstar.com under Methodologies & Criteria.

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

For more information regarding structured finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.

The rated entity or its related entities did not participate in the rating process for this rating action. DBRS Morningstar did not have access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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

DBRS, Inc.
140 Broadway, 43rd Floor
New York, NY 10005 USA
Tel. +1 212 806-3277

Ratings

  • ACE Securities Corp. Home Equity Loan Trust, Series 2004-HE4

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-1BB (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class BC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-10C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-11C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-9C (sf)--Confirmed
    US
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  • ACE Securities Corp. Home Equity Loan Trust, Series 2005-RM1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-3BBB (high) (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class B-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class B-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class B-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-9C (sf)--Confirmed
    US
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  • Accredited Mortgage Loan Trust 2006-1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class A-4BBB (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Notes, Series 2006-1, Class M-9C (sf)--Confirmed
    US
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  • Aegis Asset Backed Securities Trust 2005-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Mortgage-Backed Notes, Series 2005-2, Class M2AA (sf)--Confirmed
    US
    08-Apr-20Mortgage-Backed Notes, Series 2005-2, Class M3B (sf)--Confirmed
    US
    08-Apr-20Mortgage-Backed Notes, Series 2005-2, Class B1C (sf)--Confirmed
    US
    08-Apr-20Mortgage-Backed Notes, Series 2005-2, Class B2C (sf)--Confirmed
    US
    08-Apr-20Mortgage-Backed Notes, Series 2005-2, Class B3C (sf)--Confirmed
    US
    08-Apr-20Mortgage-Backed Notes, Series 2005-2, Class M4C (sf)--Confirmed
    US
    08-Apr-20Mortgage-Backed Notes, Series 2005-2, Class M5C (sf)--Confirmed
    US
    08-Apr-20Mortgage-Backed Notes, Series 2005-2, Class M6C (sf)--Confirmed
    US
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  • Citigroup Mortgage Loan Trust Inc., Series 2005-WF2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-3A (high) (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-4BB (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class AF-6AC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class AF-6BC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class AF-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-7C (sf)--Confirmed
    US
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  • Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class I-AB (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class B-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class B-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class II-A-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class II-A-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM1, Class M-9C (sf)--Confirmed
    US
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  • Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class B-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class B-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class I-A-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class II-A-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class II-A-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class II-A-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class II-A-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FM2, Class M-9C (sf)--Confirmed
    US
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  • Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-HE2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class A-4BB (low) (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class B-1C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class B-2C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-9C (sf)--Confirmed
    US
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  • Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2007-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class B-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class I-A-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class II-A-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class II-A-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class II-A-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class II-A-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-2, Class M-9C (sf)--Confirmed
    US
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  • Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2007-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class I-A-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class II-A-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class II-A-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class II-A-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class II-A-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-3, Class M-9C (sf)--Confirmed
    US
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  • SG Mortgage Securities Trust 2006-FRE2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class A-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class A-2BC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class A-2CC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class A-2DC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-10C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-11C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-FRE2, Class M-9C (sf)--Confirmed
    US
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  • SG Mortgage Securities Trust 2006-OPT2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class A-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class A-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class A-3BC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class A-3CC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class A-3DC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-10C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-11C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2006-OPT2, Class M-9C (sf)--Confirmed
    US
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  • Security National Mortgage Loan Trust 2004-1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Mortgage Loan Asset-Backed (REMIC) Certificates, Series 2004-1, Class AF-3C (sf)--Confirmed
    US
    08-Apr-20Mortgage Loan Asset-Backed (REMIC) Certificates, Series 2004-1, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Loan Asset-Backed (REMIC) Certificates, Series 2004-1, Class M-2C (sf)--Confirmed
    US
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  • Sequoia Mortgage Trust 2005-3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-3, Class A-1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-3, Class B-1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-3, Class B-2C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-3, Class B-3C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-3, Class B-4C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-3, Class B-5C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-3, Class X-AC (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-3, Class X-BC (sf)--Confirmed
    US
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  • Soundview Home Loan Trust 2005-B

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-10C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-11C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-12C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-13C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-14C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-15C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2005-B, Class M-9C (sf)--Confirmed
    US
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    Less

  • Soundview Home Loan Trust 2007-OPT5

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class I-A-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class II-A-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class II-A-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-1BC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-2C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-2BC (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-3C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-4C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-5C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-6C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-7C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-8C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class M-9C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class X-1C (sf)--Confirmed
    US
    08-Apr-20Asset-Backed Certificates, Series 2007-OPT5, Class X-2C (sf)--Confirmed
    US
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  • Structured Adjustable Rate Mortgage Loan Trust 2008-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class A1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class A1XC (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class A2C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class A21C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class A22C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class A3C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class A4C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class A5C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class B1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class B2C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class B3C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2008-2, Class B4C (sf)--Confirmed
    US
    More
    Less

  • Structured Asset Investment Loan Trust, Series 2006-BNC3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class A1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class A3C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class A4C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class B1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class B2C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M2C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M3C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M4C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M5C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M6C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M7C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M8C (sf)--Confirmed
    US
    More
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  • Structured Asset Securities Corporation Mortgage Loan Trust 2005-OPT1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class A2B (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class A3C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class A4-MC (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class BC (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M5C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M6C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M7C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M8C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M9C (sf)--Confirmed
    US
    More
    Less

  • Structured Asset Securities Corporation Mortgage Loan Trust 2005-S5

    Date IssuedDebt RatedRatingTrendActionAttributesi
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class B-1C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class B-2C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class B-3C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class B4C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class M2C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class M3C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class M4C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class M5C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class M6C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class M7C (sf)--Confirmed
    US
    08-Apr-20Mortgage Pass-Through Certificates, Series 2005-S5, Class M8C (sf)--Confirmed
    US
    More
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    • Show More Issuers
ACE Securities Corp. Home Equity Loan Trust, Series 2004-HE4
ACE Securities Corp. Home Equity Loan Trust, Series 2005-RM1
Accredited Mortgage Loan Trust 2006-1
Aegis Asset Backed Securities Trust 2005-2
Citigroup Mortgage Loan Trust Inc., Series 2005-WF2
Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM1
Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM2
Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-HE2
Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2007-2
Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2007-3
SG Mortgage Securities Trust 2006-FRE2
SG Mortgage Securities Trust 2006-OPT2
Security National Mortgage Loan Trust 2004-1
Sequoia Mortgage Trust 2005-3
Soundview Home Loan Trust 2005-B
Soundview Home Loan Trust 2007-OPT5
Structured Adjustable Rate Mortgage Loan Trust 2008-2
Structured Asset Investment Loan Trust, Series 2006-BNC3
Structured Asset Securities Corporation Mortgage Loan Trust 2005-OPT1
Structured Asset Securities Corporation Mortgage Loan Trust 2005-S5
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.

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