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Centex Rating Affirmed.(Brief Article)
New York -- Fitch Ratings has affirmed Centex Home Equity Co.'s residential primary servicer rating for subprime product at "RPS2+," citing the company's experienced management team, reliable loan administration processes and controls, effective default management strategies and continued success in resolving delinquent loans.
Fitch said the rating also reflects the financial strength of CHEC's parent, Centex Corp., which is rated "BBB+" by Fitch.
CHEC, based in Dallas, has approximately 320 servicing employees and maintains a loan servicing facility in Lewisville, Texas. As of March 31, CHEC serviced more than 100,000 loans for over $9.5 billion, which was an increase of almost 15% in loan volume and over 30% in dollar volume from one year earlier.
The portfolio consisted of 97% subprime product and 3% loans serviced for Fannie Mae with about $6.4 billion issued through residential mortgage backed ...
- CHEC Health Information Web Site Retooled Offers Quality Consumer Health...
- Press release article from: PR Newswire August 8, 2000 700+ words
...The Consumer Health Education Council (CHEC) today announced the launching of its consumer health education Web site. The CHEC site, www.healthCHEC.org, demonstrates CHEC's coverage education strategy, agenda and...
- Royal Laser Corp.-Announces Intent to Partner with Canadian Hydrogen Energy...
- News wire article from: Canadian Corporate News May 11, 2006 700+ words
...Royal Laser")(TSX:RLC), and CHEC, are pleased to announce that they have...manufacturing agreements to: i) manufacture CHEC's Hydrogen Fuel Injection ("HFI...HHT"), a wholly owned subsidiary of CHEC. The HFI technology boasts Environmental...
- Hy-Drive Wins Temporary Injunction Against CHEC.
- Newspaper article from: Fuel Cells Today January 6, 2006 700+ words
...Canadian Hydrogen Energy Company, Ltd. (CHEC) related to a case in which Hy-Drive...Environmental Products, Inc. seek to restrain CHEC from, among other things, "exploiting...Global Tech." According to Hy-Drive, CHEC has been ordered not to "dispose, assign...
- Note program to fund CHEC loans.(Brief Article)
- Magazine article from: Origination News March 1, 2001 700+ words
...entity formed to purchase subprime mortgages from CHEC, is issuing the notes. CHEC calls this the first program of its kind for home equity loans. HSF II will hold the notes and CHEC will service the loans until they are securitized...
- Olivia Newton-John, Dr. Clive Robbins and Whole Foods Market to be Honored at...
- Press release article from: PR Newswire November 11, 2004 700+ words
...Children's Health Environmental Coalition (CHEC), a national non-profit organization...toxic substances found in the environment, CHEC and Arts for Healing will honor those who...Olivia Newton-John, a founding member of CHEC's board of directors, who will receive...
- 'CHEC' sprinkler takes higher education back to school.(Manufacturer Spotlight)
- Magazine article from: PM Engineer August 1, 2003 700+ words
...that, and they intend to do it with the CHEC sprinkler. Though fire codes and zoning...performance of the targeted design of the CHEC sprinkler will be a valiant first step...e., hospitals and hotel rooms, the CHEC sprinkler is a new concealed, horizontal...
- Chec gets three months to solve financial crisis.
- Newspaper article from: South American Business Information March 31, 2003 700+ words
...2003 (Portafolio/SABI via COMTEX) If Chec (Central Hidroelectrica de Caldas...crisis within three months. The manager of Chec, Mr. Hugo Velez Melguizo, says that...date which the national bank has given for Chec to make a Pesos$16bil payment on a total...
- Online Credit Grading at CHEC Site.
- Magazine article from: National Mortgage News March 19, 2001 700+ words
...mortgage lender Centex Home Equity Corp. (CHEC) here has launched a new website that...access to lenders who what to inquire about CHEC loan programs, different products, information...approved correspondent and provide Gradechec, CHEC's Internet- based credit-grading tool...
