Morningstar DBRS Publishes Consolidated Operational Risk Assessment for U.S. RMBS Originators and Servicers Methodology

Morningstar DBRS published "Operational Risk Assessment for U.S. RMBS Originators and Servicers" (the Methodology). The Methodology consolidated two separate methodology documents Morningstar DBRS uses to assess operational risk for U.S. residential mortgage-backed securities (RMBS) transactions.

The Methodology supersedes the following and is effective as of September 30, 2024:

-- "Operational Risk Assessment for U.S. RMBS Originators" (published June 28, 2024)
-- "Operational Risk Assessment for U.S. RMBS Servicers" (published June 28, 2024)

Morningstar DBRS deems the update not to be material and determined that no ratings are expected to change as a result of this update.

Morningstar DBRS also made editorial and nonmaterial changes to update all references to the now-retired "Operational Risk Assessment for U.S. RMBS Originators" and "Operational Risk Assessment for U.S. RMBS Servicers" methodologies to the now-consolidated, stand-alone "Operational Risk Assessment for U.S. RMBS Originators and Servicers" methodology for the following methodologies listed below:

-- "Rating and Monitoring U.S. Single-Family Rental Securitizations"
-- "Rating and Monitoring U.S. Reverse Mortgage Securitizations"
-- "RMBS Insight 1.3: U.S. Residential Mortgage-Backed Securities Model and Rating Methodology"

Notes:
Morningstar DBRS methodologies are publicly available on its website https://dbrs.morningstar.com under Methodologies & Criteria.

For more information on this methodology, or on this industry, visit https://dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.