Credit Suisse’s  first residential mortgage securitization of 2013 made some improvements to representations and warranties relative to the issuer’s past post-crisis jumbo deals; but they remain weaker than the standards set by Redwood Trust’s RMBS deals.

DBRS and Fitch Ratings both assigned their top ratings of ‘AAA’ to the $392.4 million class A-1 tranche of CSMC Trust 2013-TH1. They also assigned these ratings to its interest-only class, A-IO-1, notes.

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