Fitch Withdraws Saxon Mortgage Services Resi Special Servicer Rating.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The residential special servicer rating for Saxon Mortgage Services, Inc. (SMSI SMSI sommet mondial de la société de l'information SMSI Strong Metal-Support Interaction SMSI Simplified Message Service Interface ) has expired and is not being renewed at this time by the servicer. SMSI's ongoing business plans do not include the servicing of distressed assets. Therefore, at the servicer's request, Fitch is withdrawing SMSI's 'RSS2-' residential special servicer rating. Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within each of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-), as well as the flat ratings. For more information on the review and rating process for servicers, see Fitch Research on 'Residential Mortgage Servicer Ratings,' dated Feb. 21, 2003, available on 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. web site at www.fitchratings.com. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct" section of this site. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion