Morningstar DBRS Updates Canadian Master Trust Transaction Summary 18 and Ridge Trust Transaction Summary 20
ABCPDBRS Limited (Morningstar DBRS) released an updated Transaction Summary report that provides details on Transaction 18 of Canadian Master Trust and Transaction 20 of Ridge Trust, which is secured by a portfolio of (1) conventional residential mortgages and insured construction and non-construction mortgages originated by, and (2) National Housing Act Mortgage-Backed Securities issued by a large mortgage finance company operating in Canada. The update reflects a decrease in the required cash reserve amount for conventional mortgages from 2.0% to 1.0%.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The transaction summary is available at dbrs.morningstar.com.
For more information on this credit or on this industry, visit dbrs.morningstar.com or contact us at info-DBRS@morningstar.com
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