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Fitch Affirms WFC Ratings.(Brief Article)
Fitch Ratings has affirmed Wells Fargo Home Mortgage's top rating as a residential primary servicer for prime, alt-A and subprime mortgage products and assigned the company a rating for special servicing as well.
Fitch affirmed the "RPS1" designations while giving Wells Fargo Home Mortgage an "RSS2" rating to its special servicing operations. The primary servicer ratings reflect WFHM's strong financial condition, robust internal control environment and integrated technology, Fitch said. The ratings also recognize the lender's comprehensive collection and loss mitigation procedures and extensive reporting capabilities as well as its ability to effectively manage and liquidate nonperforming residential mortgage loans and ...
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