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Roundup: Ratings Upgraded for Three Mortgage Firms.
New York -- National City Home Loan Services, GreenPoint Mortgage Funding and Puerto Rico-based Equity One have also recently seen their servicer ratings upgraded by a rating agency.
Moody's Investors Service upgraded National City Home Loan Services to a rating of "SQ2-plus" as a primary servicer of subprime residential mortgage loans. Moody's also affirmed National City's rating of "SQ2" as a primary servicer of second liens and upgraded the company's special servicer rating to "SQ2-minus."
Moody's servicer quality ratings range on a scale of one to five, with one being the highest grade. The improved subprime rating is based on "strong collection abilities, above-average ...
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