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Regions Gets Rating For Alt-A, Subprime.
New York -- Fitch Ratings has assigned new mortgage servicer ratings to Regions Mortgage for the management of alt-A and subprime credit quality loans.
Fitch assigned a "RPS2-" rating to Regions for both loan types.
Fitch said its rating reflects the experienced management, capable loan administration policies, effective default management procedures and competent use of technology at Regions Mortgage.
The ratings also reflect the financial strength of the parent company, Regions Financial Corp., which is rated "A+" by Fitch. Regions Financial Corp. has in excess of $80 billion of assets.
Regions is a residential mortgage originator and servicer headquartered in Memphis, Tenn. The company has an additional loan servicing facility in Hattiesburg, Miss.
At the end of last year, Regions Mortgage serviced more than 430,000 residential mortgage loans with an aggregate principal balance ...
- Fitch Affirms 'RPS2-' RMBS Servicer Ratings for Regions Mortgage.
- Press release article from: Business Wire April 11, 2006 700+ words
...products for Regions Mortgage, a division of Regions Financial Corp. The primary...prior review, Regions Mortgage was a division...into Regions Financial Corp. As a result...management, Regions Mortgage is licensed...
- Regions Mortgage Names Chamberlain President and Chief Operating Officer.
- Press release article from: Business Wire December 9, 2003 700+ words
...Dec. 9, 2003 Regions Mortgage, part of Birmingham-based Regions Financial Corp. (NYSE: RF...national relations. Regions Mortgage is a division...billion Regions Financial Corp. Regions Mortgage consistently ranks...
- Multimedia Available: Regions Mortgage Names Chamberlain President and Chief...
- Press release article from: Business Wire December 9, 2003 700+ words
...Available With This Story Include Logos, Photos, Text News Releases --(BUSINESS WIRE) Regions Mortgage, part of Birmingham-based Regions Financial Corp. (NYSE:RF), has named E. Todd Chamberlain president and chief operating officer...
- Regions Financial Corp.
- Magazine article from: Arkansas Business July 10, 2000 700+ words
Regions Financial Corp.'s Regions Mortgage Inc. has affiliated with Keystroke.com to provide mortgage origination services via the Internet. Consumers will be able to...
- Displaced Regions Mortgage Co. workers plan return to Hattiesburg, Miss.
- Newspaper article from: Commercial Appeal (Memphis, TN) September 14, 2005 700+ words
...Powell and 93 other Regions Mortgage Co. workers and...about half of Regions' mortgage customer service...officer of Regions Financial Corp. in Memphis. The...analyst for Stanford Financial Corp. in Memphis...
- Regions Financial Corp. Names Leaders of Merged Business.
- Newspaper article from: Knight Ridder/Tribune Business News February 26, 2004 700+ words
...region once Regions Financial Corp. and Union Planters...keep the Regions Financial Corp. name and, like...based in Memphis. Regions Mortgage currently is based...chairman and CEO of Regions Mortgage in Montgomery as...
- Regions Financial Corp. to end Memphis-based wholesale mortgage business.
- Newspaper article from: Commercial Appeal (Memphis, TN) February 10, 2005 700+ words
...David Flaum Feb. 10--Regions Financial Corp. will sell or close its Memphis...president of sales and operations at Regions Mortgage in Memphis. The wholesale mortgage...mortgage unit produced 37 percent of Regions' mortgage revenue in the fourth quarter, Jordan...
- Moody's: Regions Is Deemed Stable.(Regions Financial Corp.)(AmSouth...
- Magazine article from: Mortgage Servicing News October 1, 2006 700+ words
NEW YORK -- Regions Financial Corp. and AmSouth Bancorporation are pursuing a merger that will...affect the residential mortgage servicer quality ratings of Regions Mortgage, which currently is rated "SQ2" as a primary servicer of...
Source: HighBeam Research, Regions Gets Rating For Alt-A, Subprime.