Press Release

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

RMBS
July 18, 2023

DBRS, Inc. (DBRS Morningstar) reviewed 308 classes from 25 U.S. residential mortgage-backed securities (RMBS) transactions. The 25 transactions are generally classified as subprime and Alt-A collateral. Of the 308 classes reviewed, DBRS Morningstar upgraded 33 ratings and confirmed 275 ratings.

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

The transaction assumptions consider DBRS Morningstar’s baseline macroeconomic scenarios for rated sovereign economies, available in its commentary “Baseline Macroeconomic Scenarios for Rated Sovereigns: June 2023 Update,” published on June 30, 2023 (https://www.dbrsmorningstar.com/research/416703). These baseline macroeconomic scenarios replace DBRS Morningstar’s moderate and adverse Coronavirus Disease (COVID-19) pandemic scenarios, which were first published in April 2020.

The rating actions are the result of DBRS Morningstar’s application of its “U.S. RMBS Surveillance Methodology,” published on March 3, 2023.

ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS
There were no Environmental/Social/Governance factors that had a significant or relevant effect on the credit analysis.

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 (July 4, 2023) https://www.dbrsmorningstar.com/research/416784.

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

The principal methodology applicable to the credit ratings is U.S. RMBS Surveillance Methodology (March 3, 2023; https://www.dbrsmorningstar.com/research/410498/u.s.-rmbs-surveillance-methodology).

Other methodologies referenced in this transaction are listed at the end of this press release.

The DBRS Morningstar Sovereign group releases baseline macroeconomic scenarios for rated sovereigns. DBRS Morningstar analysis considered impacts consistent with the baseline scenarios as set forth in the following report: https://www.dbrsmorningstar.com/research/384482.

The credit ratings assigned to classes below materially deviates from the credit ratings implied by the predictive model. DBRS Morningstar typically expects there to be a substantial likelihood that a reasonable investor or other user of the credit ratings would consider a three-notch or more deviation from the credit rating stress(es) implied by the predictive model to be a significant factor in evaluating the credit ratings. The rationale for the material deviations is the additional seasoning and/or updated performance to be measured against a sustainable upgrade loan-level cash flow stress, small loan count, and dependence on a counterparty's rating.

The following credit ratings had material deviations due to small loan count:
-- J.P. Morgan Mortgage Trust 2005-A3, Mortgage Pass-Through Certificates, Series 2005-A3, Class 5-A-1
-- J.P. Morgan Mortgage Trust 2005-A3, Mortgage Pass-Through Certificates, Series 2005-A3, Class 5-A-3
-- Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Mortgage Pass-Through Certificates, Series 2004-8, Class 2-A1
-- Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Mortgage Pass-Through Certificates, Series 2004-8, Class 2-A2
-- Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Mortgage Pass-Through Certificates, Series 2004-8, Class 5-A6

The following credit ratings had material deviations due to additional seasoning and/or updated performance to be measured against a sustainable upgrade loan-level cash flow stress:
-- Accredited Mortgage Loan Trust 2004-4, Asset-Backed Notes, Series 2004-4, Class M-2
-- Wells Fargo Home Equity Asset-Backed Securities 2004-2 Trust, Home Equity Asset-Backed Certificates, Series 2004-2, Class AIII-3
-- Wells Fargo Home Equity Asset-Backed Securities 2004-2 Trust, Home Equity Asset-Backed Certificates, Series 2004-2, Class M-1
-- Wells Fargo Home Equity Asset-Backed Securities 2004-2 Trust, Home Equity Asset-Backed Certificates, Series 2004-2, Class M-2
-- Wells Fargo Home Equity Asset-Backed Securities 2004-2 Trust, Home Equity Asset-Backed Certificates, Series 2004-2, Class M-6
-- Wells Fargo Home Equity Asset-Backed Securities 2004-2 Trust, Home Equity Asset-Backed Certificates, Series 2004-2, Class M-7
-- Renaissance Home Equity Loan Trust 2005-2, Home Equity Loan Asset-Backed Notes, Series 2005-2, Class AF-4
-- Renaissance Home Equity Loan Trust 2005-2, Home Equity Loan Asset-Backed Notes, Series 2005-2, Class AF-5
-- Renaissance Home Equity Loan Trust 2005-2, Home Equity Loan Asset-Backed Notes, Series 2005-2, Class AF-6
-- RESI Finance Limited Partnership 2005-A & RESI Finance DE Corporation 2005-A, Real Estate Synthetic Investment Securities, Series 2005-A, Class A5 Risk Band
-- RESI Finance Limited Partnership 2003-CB1 & RESI Finance DE Corporation 2003-CB1, Real Estate Synthetic Investment Securities, Series 2003-CB1, Class A5 Risk Band
-- RESI Finance Limited Partnership 2003-CB1 & RESI Finance DE Corporation 2003-CB1, Real Estate Synthetic Investment Notes, Series 2003-CB1, Class B1 Risk Band
-- RESI Finance Limited Partnership 2003-CB1 & RESI Finance DE Corporation 2003-CB1, Real Estate Synthetic Investment Notes, Series 2003-CB1, Class B2 Risk Band

The following credit ratings had material deviations due to dependence on a counterparty's rating:
-- Soundview Home Loan Trust 2008-1, Asset-Backed Certificates, Series 2008-1, Class A-1
-- Soundview Home Loan Trust 2008-1, Asset-Backed Certificates, Series 2008-1, Class A-2
-- Soundview Home Loan Trust 2008-1, Asset-Backed Certificates, Series 2008-1, Class A-3
-- Soundview Home Loan Trust 2008-1, Asset-Backed Certificates, Series 2008-1, Class A-4
-- TBW Mortgage-Backed Trust 2007-2, Mortgage-Backed Pass-Through Certificates, Series 2007-2, Class A-4-B

The credit rating was initiated at the request of a third party.

The rated entity or its related entities did participate in the credit rating process for this credit rating action.

DBRS Morningstar had access to the accounts, management and other relevant internal documents of the rated entity or its related entities in connection with this credit rating action.

This is a solicited credit rating.

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

The credit rating methodologies used in the analysis of this transaction can be found at: https://www.dbrsmorningstar.com/about/methodologies.

RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology (March 3, 2023)
https://www.dbrsmorningstar.com/research/410473

Interest Rate Stresses for U.S. Structured Finance Transactions (June 9, 2023)
https://www.dbrsmorningstar.com/research/415687

Legal Criteria for U.S. Structured Finance (December 7, 2022)
https://www.dbrsmorningstar.com/research/407008

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

Ratings

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

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-1B (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class BC (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-10C (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-11C (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-2C (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-3C (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-4C (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-5C (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-6C (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-7C (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-8C (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Pass-Through Certificates, Series 2004-HE4, Class M-9C (sf)--Confirmed
    US
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  • Accredited Mortgage Loan Trust 2004-4

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23Asset-Backed Notes, Series 2004-4, Class A-1AAAA (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Notes, Series 2004-4, Class A-1BAAA (sf)--Confirmed
    US
    18-Jul-23Asset-Backed Notes, Series 2004-4, Class A-2CAA (sf)--Upgraded
    US
    18-Jul-23Asset-Backed Notes, Series 2004-4, Class A-2DAA (sf)--Upgraded
    US
    18-Jul-23Asset-Backed Notes, Series 2004-4, Class M-1BBB (sf)--Upgraded
    US
    18-Jul-23Asset-Backed Notes, Series 2004-4, Class M-2BB (high) (sf)--Upgraded
    US
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  • BCAP LLC Trust 2007-AA5

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23Mortgage Pass-Through Certificates, Series 2007-AA5, Class A-1C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2007-AA5, Class A-2C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2007-AA5, Class A-3C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2007-AA5, Class M-1C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2007-AA5, Class M-2C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2007-AA5, Class M-3C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2007-AA5, Class M-4C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2007-AA5, Class M-5C (sf)--Confirmed
    US
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  • C-BASS 2004-CB4 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2004-CB4, Class A-6BBB (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2004-CB4, Class A-5BB (high) (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2004-CB4, Class M-1B (low) (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2004-CB4, Class B-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2004-CB4, Class B-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2004-CB4, Class B-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2004-CB4, Class B-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2004-CB4, Class M-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2004-CB4, Class M-3C (sf)--Confirmed
    US
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    Less
  • C-BASS 2006-CB4 TRUST

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class AV3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class AV4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class B-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class B-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class B-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class B-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class M-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class M-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class M-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class M-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class M-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB4, Class M-6C (sf)--Confirmed
    US
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    Less
  • C-BASS 2006-CB7 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class A-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class A-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class A-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class A-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class B-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class B-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class B-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class B-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class M-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class M-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class M-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class M-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class M-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class M-6C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class M-7C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB7, Class M-8C (sf)--Confirmed
    US
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    Less
  • C-BASS 2006-CB9 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class A-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class A-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class A-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class A-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class B-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class B-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class B-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class M-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class M-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class M-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class M-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class M-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class M-6C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class M-7C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class M-8C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9, Class M-9C (sf)--Confirmed
    US
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  • C-BASS 2006-SL1 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class A-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class A-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class A-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class B-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class B-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class B-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class B-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class B-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class M-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class M-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class M-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class M-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class M-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Class M-6C (sf)--Confirmed
    US
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  • C-BASS 2007-CB1 TRUST

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class AF-1AC (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class AF-1BC (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class AF-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class AF-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class AF-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class AF-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class AF-6C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class B-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class B-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class M-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class M-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class M-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class M-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class M-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class M-6C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class M-7C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB1, Class M-8C (sf)--Confirmed
    US
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  • C-BASS 2007-CB5 Trust

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class A-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class A-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class A-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class B-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class M-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class M-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class M-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class M-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class M-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class M-6C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class M-7C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class M-8C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB5, Class M-9C (sf)--Confirmed
    US
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  • C-BASS Mortgage Loan Trust 2007-CB2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class A1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class A2-BC (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class A2-CC (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class A2-DC (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class A2-EC (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class B-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class B-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class B-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class B-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class M-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class M-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class M-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class M-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class M-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, Class M-6C (sf)--Confirmed
    US
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  • C-BASS Mortgage Loan Trust 2007-CB3

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class A-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class A-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class A-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class A-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class A-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class B-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class B-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class B-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class B-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class M-1C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class M-2C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class M-3C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class M-4C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class M-5C (sf)--Confirmed
    US
    18-Jul-23C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB3, Class M-6C (sf)--Confirmed
    US
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  • Credit Suisse First Boston Mortgage Securities Corp. Adjustable Rate Mortgage Trust 2005-8

  • J.P. Morgan Mortgage Trust 2005-A3

  • MASTR Adjustable Rate Mortgages Trust 2007-3

  • RESI Finance Limited Partnership 2003-CB1 & RESI Finance DE Corporation 2003-CB1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23Real Estate Synthetic Investment Securities, Series 2003-CB1, Class A5 Risk BandA (low) (sf)--Confirmed
    US
    18-Jul-23Real Estate Synthetic Investment Notes, Series 2003-CB1, Class B1 Risk BandBB (sf)--Confirmed
    US
    18-Jul-23Real Estate Synthetic Investment Notes, Series 2003-CB1, Class B2 Risk BandB (sf)--Confirmed
    US
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    Less
  • RESI Finance Limited Partnership 2005-A & RESI Finance DE Corporation 2005-A

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23Real Estate Synthetic Investment Securities, Series 2005-A, Class A5 Risk BandBBB (low) (sf)--Confirmed
    US
    18-Jul-23Real Estate Synthetic Investment Notes, Series 2005-A, Class B1 Risk BandC (sf)--Confirmed
    US
    18-Jul-23Real Estate Synthetic Investment Notes, Series 2005-A, Class B2 Risk BandC (sf)--Confirmed
    US
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    Less
  • Renaissance Home Equity Loan Trust 2005-2

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class AF-4A (sf)--Upgraded
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class AF-5BB (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class AF-6BB (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class AV-3BB (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class M-1C (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class M-2C (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class M-3C (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class M-4C (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class M-5C (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class M-6C (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class M-7C (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class M-8C (sf)--Confirmed
    US
    18-Jul-23Home Equity Loan Asset-Backed Notes, Series 2005-2, Class M-9C (sf)--Confirmed
    US
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  • Residential Loan Trust 2008-AH1

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23Mortgage-Backed Notes, Series 2008-AH1, Class BC (sf)--Confirmed
    US
    18-Jul-23Mortgage-Backed Notes, Series 2008-AH1, Class MC (sf)--Confirmed
    US
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  • Securitized Asset Backed Receivables LLC Trust 2005-FR5

    Date IssuedDebt RatedRatingTrendActionAttributesi
    18-Jul-23Mortgage Pass-Through Certificates, Series 2005-FR5, Class B-1C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2005-FR5, Class B-2C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2005-FR5, Class B-3C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2005-FR5, Class B-4C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2005-FR5, Class M-1C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2005-FR5, Class M-2C (sf)--Confirmed
    US
    18-Jul-23Mortgage Pass-Through Certificates, Series 2005-FR5, Class M-3C (sf)--Confirmed
    US
    More
    Less
  • Show More Issuers
ACE Securities Corp. Home Equity Loan Trust, Series 2004-HE4
Accredited Mortgage Loan Trust 2004-4
BCAP LLC Trust 2007-AA5
C-BASS 2004-CB4 Trust
C-BASS 2006-CB4 TRUST
C-BASS 2006-CB7 Trust
C-BASS 2006-CB9 Trust
C-BASS 2006-SL1 Trust
C-BASS 2007-CB1 TRUST
C-BASS 2007-CB5 Trust
C-BASS Mortgage Loan Trust 2007-CB2
C-BASS Mortgage Loan Trust 2007-CB3
Credit Suisse First Boston Mortgage Securities Corp. Adjustable Rate Mortgage Trust 2005-8
J.P. Morgan Mortgage Trust 2005-A3
MASTR Adjustable Rate Mortgages Trust 2007-3
RESI Finance Limited Partnership 2003-CB1 & RESI Finance DE Corporation 2003-CB1
RESI Finance Limited Partnership 2005-A & RESI Finance DE Corporation 2005-A
Renaissance Home Equity Loan Trust 2005-2
Residential Loan Trust 2008-AH1
Securitized Asset Backed Receivables LLC Trust 2005-FR5
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.