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Moody's Affirms Aames' Ratings.
New York -- Moody's Investors Service has affirmed Aames Financial Corp.'s "SQ3" rating as a servicer of subprime residential mortgage loans. Moody's said the rating reflects Aames' average collection abilities, above-average loss mitigation results, average foreclosure and REO timeline management. However, Moody's said it views Aames' servicing stability as "below average," citing management turnover as a factor in that analysis.
Aames originates, securitizes and services subprime first lien and simultaneously originated second lien residential home loans. The company's servicing ...
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Source: HighBeam Research, Moody's Affirms Aames' Ratings.