Press Release

DBRS Morningstar Takes Rating Actions on 25 U.S. RMBS Transactions

RMBS
March 29, 2021

DBRS, Inc. (DBRS Morningstar) reviewed 315 classes from 25 U.S. residential mortgage-backed security (RMBS) transactions. Of the 315 classes reviewed, DBRS Morningstar confirmed 294 ratings and upgraded 21 ratings.

The rating confirmations reflect asset performance and credit-support levels that are consistent with the current ratings. The rating upgrades reflect positive performance trends and increases in credit support sufficient to withstand stresses at their new rating levels.

DBRS Morningstar’s rating actions are based on the following analytical considerations:

-- Key performance measures as reflected in month-over-month changes in delinquency (including forbearance) percentages, credit enhancement (CE) increases since deal inception, and CE levels relative to 30-day+ delinquencies.

-- Offset of mortgage-relief initiatives via direct-to-consumer economic aid, mortgage payment assistance, and foreclosure suspension directives.

-- Elevated economic concerns and more conservative home-price assumptions.

As a result of the Coronavirus Disease (COVID-19) pandemic, DBRS Morningstar expects increased delinquencies, loans on forbearance plans, and a potential near-term decline in the values of the mortgaged properties. Such deteriorations may adversely affect borrowers’ ability to make monthly payments, refinance their loans, or sell properties in an amount sufficient to repay the outstanding balance of their loans.

In connection with the economic stress assumed under its moderate scenario (see the “Global Macroeconomic Scenarios: March 2021 Update,” published on March 17, 2021), DBRS Morningstar applies more severe market value decline (MVD) assumptions across all rating categories than what it previously used. Such MVD assumptions are derived through a fundamental home price approach based on the forecast unemployment rates and GDP growth outlined in the aforementioned moderate scenario.

The pools backing the reviewed RMBS transactions consist of Prime, Alt-A, Option-ARM, Scratch and Dent, Second-Lien, Subprime, and Reperforming collateral.

The ratings assigned to the securities listed below differ from the ratings implied by the quantitative model. DBRS Morningstar considers this difference to be a material deviation; however, in this case, the ratings on the subject securities may either reflect additional seasoning being warranted to substantiate a further upgrade or small loan count. Generally for RMBS transactions, the reporting of recent forbearance-related delinquencies (as opposed to nonforbearance-related delinquencies) in remittance reports has not been consistent and standardized. DBRS Morningstar believes that recent increases in delinquencies mostly reflect forbearances being requested and granted as a result of the coronavirus pandemic. Additionally, DBRS Morningstar believes that forbearance-related delinquencies, especially during the coronavirus pandemic, should have a lower probability of default than nonforbearance-related delinquencies. Because of the lack of standardized reporting, DBRS Morningstar may not be able to appropriately identify delinquencies as a result of forbearance in its loss analysis; therefore, for certain transactions, DBRS Morningstar may have projected significantly higher expected losses using its quantitative model. After reviewing transaction-level performance trends and other analytical considerations outlined in this press release, however, DBRS Morningstar may assign ratings that differ from those implied by the quantitative model, thus resulting in a material deviation.

-- 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, Classes A-4 and M-1
-- ACE Securities Corp. Home Equity Loan Trust, Series 2005-RM1, Asset-Backed Pass-Through Certificates, Series 2005-RM1, Classes M-3 and M-4
-- Citigroup Mortgage Loan Trust Inc., Series 2005-WF2, Asset-Backed Pass-Through Certificates, Series 2005-WF2, Classes MV-3, MV-4, and MV-5
-- Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM1, Asset-Backed Certificates, Series 2006-FM1, Classes I-A, II-A-3, and 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, Classes A-4 and M-1
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC1, Mortgage Pass-Through Certificates, Series 2007-BC1, Classes A1, A4, A5, and A6
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC4, Mortgage Pass-Through Certificates, Series 2007-BC4, Classes A1, A2, A4, M1, and M2
-- Structured Asset Securities Corporation Mortgage Loan Trust 2007-WF2, Mortgage Pass-Through Certificates, Series 2007-WF2, Classes A1, A3, and A4
-- SG Mortgage Securities Trust 2006-OPT2, Asset-Backed Certificates, Series 2006-OPT2, Classes A-1, A-2, and A-3B
-- Sequoia Mortgage Trust 2005-3, Mortgage Pass-Through Certificates, Series 2005-3, Classes X-A and X-B

The rating actions are the result of DBRS Morningstar’s application of its “U.S. RMBS Surveillance Methodology” published on February 21, 2020.

ESG CONSIDERATIONS
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.

Notes:
The principal methodologies are the U.S. RMBS Surveillance Methodology (February 21, 2020) and RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology (April 1, 2020), 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 participate in the rating process for this rating action. DBRS Morningstar had 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 these credits 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 2005-RM1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-3BBB (high) (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class B-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class B-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class B-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-RM1, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-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
    29-Mar-21Asset-Backed Notes, Series 2006-1, Class A-4A (sf)--Upgraded
    US
    29-Mar-21Asset-Backed Notes, Series 2006-1, Class M-1B (sf)--Upgraded
    US
    29-Mar-21Asset-Backed Notes, Series 2006-1, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Notes, Series 2006-1, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Notes, Series 2006-1, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Notes, Series 2006-1, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Notes, Series 2006-1, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Notes, Series 2006-1, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Notes, Series 2006-1, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-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
    29-Mar-21Mortgage-Backed Notes, Series 2005-2, Class M2AA (high) (sf)--Upgraded
    US
    29-Mar-21Mortgage-Backed Notes, Series 2005-2, Class M3BB (sf)--Upgraded
    US
    29-Mar-21Mortgage-Backed Notes, Series 2005-2, Class B1C (sf)--Confirmed
    US
    29-Mar-21Mortgage-Backed Notes, Series 2005-2, Class B2C (sf)--Confirmed
    US
    29-Mar-21Mortgage-Backed Notes, Series 2005-2, Class B3C (sf)--Confirmed
    US
    29-Mar-21Mortgage-Backed Notes, Series 2005-2, Class M4C (sf)--Confirmed
    US
    29-Mar-21Mortgage-Backed Notes, Series 2005-2, Class M5C (sf)--Confirmed
    US
    29-Mar-21Mortgage-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
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-3AAA (sf)--Upgraded
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-4BB (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-5B (sf)--Upgraded
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class AF-6AC (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class AF-6BC (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class AF-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MF-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Pass-Through Certificates, Series 2005-WF2, Class MV-6C (sf)--Confirmed
    US
    29-Mar-21Asset-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
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class I-ABB (sf)--Upgraded
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class II-A-3B (sf)--Upgraded
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class B-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class B-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class II-A-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class M-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM1, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-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
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class B-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class B-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class I-A-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class II-A-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class II-A-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class II-A-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class II-A-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class M-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FM2, Class M-9C (sf)--Confirmed
    US
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    Less

  • Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-HE2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class A-4BBB (sf)--Upgraded
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-1B (sf)--Upgraded
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class B-1C (sf)--Confirmed
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class B-2C (sf)--Confirmed
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Home Equity Loan Trust Asset-Backed Certificates, Series 2006-HE2, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Home 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
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class B-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class I-A-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class II-A-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class II-A-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class II-A-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class II-A-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class M-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-2, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-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
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class I-A-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class II-A-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class II-A-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class II-A-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class II-A-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class M-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-3, Class M-9C (sf)--Confirmed
    US
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  • SG Mortgage Securities Trust 2006-FRE2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class A-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class A-2BC (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class A-2CC (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class A-2DC (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-10C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-11C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-FRE2, Class M-9C (sf)--Confirmed
    US
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  • SG Mortgage Securities Trust 2006-OPT2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class A-3BBBB (low) (sf)--Upgraded
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class A-1B (sf)--Upgraded
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class A-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class A-3CC (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class A-3DC (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-10C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-11C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2006-OPT2, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-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
    29-Mar-21Mortgage Loan Asset-Backed (REMIC) Certificates, Series 2004-1, Class AF-3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Loan Asset-Backed (REMIC) Certificates, Series 2004-1, Class M-1C (sf)--Confirmed
    US
    29-Mar-21Mortgage 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
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-3, Class A-1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-3, Class B-1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-3, Class B-2C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-3, Class B-3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-3, Class B-4C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-3, Class B-5C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-3, Class X-AC (sf)--Confirmed
    US
    29-Mar-21Mortgage 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
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-10C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-11C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-12C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-13C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-14C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-15C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2005-B, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-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
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class I-A-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class II-A-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class II-A-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-1BC (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-2C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-2BC (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-3C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-4C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-5C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-6C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-7C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-8C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class M-9C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class X-1C (sf)--Confirmed
    US
    29-Mar-21Asset-Backed Certificates, Series 2007-OPT5, Class X-2C (sf)--Confirmed
    US
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    Less

  • Structured Adjustable Rate Mortgage Loan Trust 2008-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class A1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class A1XC (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class A2C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class A21C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class A22C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class A3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class A4C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class A5C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class B1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class B2C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class B3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2008-2, Class B4C (sf)--Confirmed
    US
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    Less

  • Structured Asset Investment Loan Trust, Series 2006-BNC3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class A1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class A3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class A4C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class B1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class B2C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M2C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M4C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M5C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M6C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M7C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BNC3, Class M8C (sf)--Confirmed
    US
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    Less

  • Structured Asset Securities Corporation Mortgage Loan Trust 2005-OPT1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-OPT1, Class A2B (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-OPT1, Class A3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-OPT1, Class A4-MC (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-OPT1, Class BC (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M5C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M6C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M7C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-OPT1, Class M8C (sf)--Confirmed
    US
    29-Mar-21Mortgage 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
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class B-1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class B-2C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class B-3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class B4C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class M2C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class M3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class M4C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class M5C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class M6C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class M7C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2005-S5, Class M8C (sf)--Confirmed
    US
    More
    Less

  • Structured Asset Securities Corporation Mortgage Loan Trust 2006-BC2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class A1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class A3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class A4C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class B1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class B2C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class M1C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class M2C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class M3C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class M4C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class M5C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class M6C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class M7C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class M8C (sf)--Confirmed
    US
    29-Mar-21Mortgage Pass-Through Certificates, Series 2006-BC2, Class M9C (sf)--Confirmed
    US
    More
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    • Show More Issuers
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
Structured Asset Securities Corporation Mortgage Loan Trust 2006-BC2
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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