NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: Monthly RMBS Servicer Snapshot
Fitch Ratings has published its RMBS Mortgage Servicer Snapshot for December 2014. The report includes an industry-focused article on loan modification loss reporting associated with principal forbearance modifications within U.S. residential mortgage servicing. This article is incorporated in the 'Topic Spotlight' section of the servicer snapshot.
The December 2014 report also includes:
--The affirmation of Bayview Loan Servicing, LLC primary and small balance commercial ratings at 'RSS2+/SBPS2+/SBSS2+', Stable Outlook.
--The affirmation of Carrington Mortgage Services, LLC primary servicer ratings at 'RPS3/RSS3', Stable Outlook.
--The affirmation of Cenlar, FSB primary servicer ratings at 'RPS2', Stable Outlook.
--The affirmation of CitiMortgage, Inc primary and master servicer ratings at 'RPS2+/RMS1', Stable Outlook.
--The affirmation of HomeStreet Bank primary servicer ratings at 'RPS3-', Positive Outlook.
-- The affirmation of JPMorgan Chase Bank, NA primary and master servicer ratings at 'RPS2+/RSS2+/RMS2', Stable Outlook.
-- The affirmation of Selene Finance LP primary servicer ratings at 'RPS3+/RSS3+', Stable Outlook.
-- The affirmation of Specialized Loan Servicing, LLC primary servicer ratings at 'RPS2/RSS2', Positive Outlook.
Also included is publication of the servicer report for Wells Fargo Home Mortgage.
The snapshot, intended to provide useful RMBS servicer data, includes a description of all Fitch-rated servicers, their current servicer ratings and key rating drivers, portfolio size, important trends, links to the full RMBS servicer reports, and Fitch analyst contact information. The snapshot also provides the names of RMBS servicers currently assigned to transactions in an easy to use CUSIP reference format.
Fitch provides regular updates to its snapshot report, including any rating actions or significant servicer changes. All servicer identification and portfolio-size data is updated on a quarterly basis. The servicer snapshot is available at 'www.fitchratings.com' or by clicking the above link.
Additional information is available at 'www.fitchratings.com'.