DBRS Morningstar Publishes Updated Methodology for Assessing U.S. RMBS Pools Under the Ability-to-Repay Rules

DBRS Morningstar published an updated version of “Assessing U.S. RMBS Pools Under the Ability-to-Repay Rules.”

The methodology incorporates updates regarding the revised final rule that amends the Qualified Mortgage and Ability-to-Repay requirements issued by the Consumer Financial Protection Bureau. The revised final rule had an effective date of June 30, 2021, and a mandatory compliance date of October 1, 2022.

DBRS Morningstar has conducted a periodic review of “Assessing U.S. RMBS Pools Under the Ability-to-Repay Rules.” This update supersedes the previous version published on May 4, 2020, and is effective as of April 28, 2023. DBRS Morningstar deems the update not to be material and has determined that no ratings are expected to change as a result of this update.

Notes:
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.

DBRS Morningstar methodologies are publicly available on its website www.dbrsmorningstar.com under Methodologies & Criteria.

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