a-closer-look-at-rating-triple-a-re-remics - Volume 4,...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Claire Mezzanotte Managing Director, ABS/RMBS U.S. Structured Finance, +1 212 806 3272 cmezzanotte@dbrs.com Jan Buckler Senior Vice President, Research and Modeling U.S. Structured Finance +1 212 806 3925 jbuckler@dbrs.com David Hartung Senior Vice President, ABS U.S. Structured Finance +1 212 806 3269 dhartung@dbrs.com Quincy Tang Senior Vice President, RMBS U.S. Structured Finance +1 212 806 3256 qtang@dbrs.com Kathleen Tillwitz Senior Vice President, Operational Risk U.S. Structured Finance +1 212 806 3265 ktillwitz@dbrs.com Toronto DBRS Tower 181 University Avenue Suite 700 Toronto, ON M5H 3M7 +1 416 593 5577 New York 140 Broadway, 35th Floor New York, NY 10005 +1 212 806 3277 Chicago 101 North Wacker Drive Suite 100 Chicago, IL 60606 +1 312 332 3429 A CLOSER LOOK AT RATING TRIPLE-A RE-REMICS In the June 16, 2008, U.S. Structured Finance Newsletter , DBRS introduced the concept of RMBS re- securitization (Re-REMIC) as a restructuring tool. This newsletter addresses how such restructuring differs from a Collateralized Debt Obligation (CDO) and provides a closer look at DBRS’s approach in analyzing these transactions. Typically, a Re-REMIC is viewed as a pass-through of interest, principal and losses from one or more
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/23/2009 for the course FIN 5208 taught by Professor Murphy during the Spring '09 term at Temple.

Ask a homework question - tutors are online