NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn the U.S. residential mortgage servicer ratings and Rating Outlooks for Ditech, a Walter Company (Ditech) as follows:
-- Primary servicer rating for prime product at 'RPS2-'; Outlook Negative;
-- Primary servicer rating for subprime product at 'RPS2-'; Outlook Negative;
-- Primary servicer rating for HLTV product at 'RPS2-'; Outlook Negative;
-- Primary servicer rating for HELOC product at 'RPS2-'; Outlook Negative;
-- Primary servicer rating for second lien product at 'RPS2-'; Outlook Negative
--Special servicer rating at 'RSS2-'; Outlook Negative.
Fitch has withdrawn all ratings and Outlooks as Ditech has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings.
Accordingly, Fitch will no longer provide RMBS servicer ratings for Ditech.
The ratings being withdrawn had been determined in accordance with Fitch's criteria 'Rating Criteria for U.S. Residential and Small Balance Commercial Mortgage Servicers' and 'Rating Criteria for Structured Finance Servicers'.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Rating Criteria for Structured Finance Servicers' (April, 2015);
--'Rating Criteria for U.S. Residential and Small Balance Commercial Mortgage Servicers ' (April, 2015).
Applicable Criteria
Rating Criteria for Structured Finance Servicers (pub. 23 Apr 2015)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=864375
Rating Criteria for U.S. Residential and Small Balance Commercial Mortgage Servicers (pub. 23 Apr 2015)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=864368
Additional Disclosures
Solicitation Status
https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1003677
Endorsement Policy
https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31
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