ESG Factors in RMBS, Part Two: Social Factors

This is the second in a series of commentaries that discusses environmental, social, and governance (ESG) factors affecting credit analysis that the DBRS Morningstar residential mortgage-backed security (RMBS) group conducts. In this commentary, DBRS Morningstar will cover four social credit factors and provide examples of how these important factors are considered in its RMBS credit rating analysis. A subsequent commentary will cover governance factors.