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Fitch Ratings Affirms Litton's Loan Servicer Ratings.(Litton Loan Servicing Inc.)(Brief Article)
New York -- Fitch Ratings has once again given its top ratings to Litton Loan Servicing, a subsidiary of C-BASS, for the servicing of subprime and high loan-to-value ratio loans.
Litton also received the top rating, "RSS1," as a special servicer of residential mortgage loans.
Larry B. Litton, CEO of Litton Loan Servicing, said the company was pleased to have its top ratings affirmed. "We are committed to maintaining the high standards we are known for and as are befitting our top rating," he said in a news release.
Fitch attributed the primary servicer ratings on the company's highly experienced management team, sophisticated default management systems and lengthy experience in servicing defaulted residential loans. The special servicer rating reflects Litton's ability to cure, manage and liquidate nonperforming home loans, Fitch said.
Founded in 1988, Litton Loan Servicing began as a subservicer of problem loans from various mortgage servicers and private investors. C-BASS acquired Litton in 1996, creating a merger ...
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Source: HighBeam Research, Fitch Ratings Affirms Litton's Loan Servicer Ratings.(Litton Loan...