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Fitch Ratings takes actions.

New York: Fitch Ratings, a nationally recognized statistical rating organization (NRSRO) designated by the U.S. Securities and Exchange Commission, took actions on the U.S. residential mortgage servicer ratings for JPMorgan Chase Bank, NA (Chase).

The rating affirmations of the primary servicer ratings and Outlooks reflect Chase's extensive servicing experience, continued operational improvements, technological investments, and regulatory compliance efforts. The affirmation of the master servicer rating and Outlook reflect the company's established master servicing operation, current support for the platform, consistent Reg AB and USAP results, and Fitch's observations regarding portfolio runoff.

All of the servicer ratings incorporate Chase's financial condition; the company is rated 'AA-'/Stable. A company's financial condition is a component of Fitch's servicer rating analysis. The withdrawal of the special servicer rating is based on the lack of sufficient information to maintain the rating. Chase indicated that it is not currently active in non-agency RMBS special servicing and this influenced their decision stop providing updated information to maintain the special servicer rating.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Mar 10, 2018
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