AMRESCO receives highest Fitch grade for special loan servicers.DALLAS--(BUSINESS WIRE)--Dec. 16, 1994--AMRESCO INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMMB) has received a "superior" grade from Fitch Investors Service Fitch Investors Service A financial services company best known for the bond ratings it provides investors. Inc., the highest the rating agency assigns to special servicers of securitized securitized Of, related to, or being debt securities that are secured with assets. For example, mortgage purchase bonds are secured by mortgages that have been purchased with the bond issue's proceeds. mortgage loans. AMRESCO, a leading provider of real estate-related financial services, acts as a special servicer for more than $3.5 billion of securitized commercial mortgage transactions. "We're extremely pleased to have received the top rating from Fitch," said Robert H. Lutz, Jr., AMRESCO's chairman and chief executive officer. "It is very gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to have this official recognition of the skills of our staff and the specialized expertise we offer the real estate financial marketplace." Instituted in 1992, the Fitch ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. for special servicers, which manage nonperforming loans, span five grades: "superior," "above average," "average," "below average" and "unacceptable." The ratings assist underwriters in selecting a servicer to handle securitized mortgages. Based in Dallas, AMRESCO also specializes in real estate asset management and commercial mortgage banking, and acts as a servicer of securitized commercial loans. Through its Holliday Fenoglio and AMRESCO Capital Corporation subsidiaries, the company originates, sells and services commercial mortgage loans. CONTACT: AMRESCO INC., Dallas
Doug Urquhart, 214/953-7708
or
Morgen-Walke Associates Inc., New York
Paul Steidler or Michelle Manoff, 212/850-5600
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