DBRS Updates Transaction Summary 67 for SURE Trust and STABLE Trust

DBRS Limited (DBRS) released an updated Transaction Summary report that provides details on Transaction 67 of SURE Trust and STABLE Trust, which is secured by a portfolio of floating- and fixed-rate conventional first-lien residential mortgages on properties located across Canada and National Housing Act Mortgage-Backed Securities originated by a large mortgage finance company operating in Canada. The update reflects changes to credit enhancement from 5% of cash reserve (subject to a floor of 50% of the highest historical balance) to 4% of overcollateralization and 1% of cash reserve (both are subject to a floor of 50% of the highest historical balance). Additionally, this program will no longer permit purchases of insured mortgages.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodologies are Rating Canadian ABCP and Related Enhancement Features and Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages, which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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

DBRS Limited
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada