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Moody's Evaluates LoanCare Servicing.
NEW YORK -- Moody's Investors Service has rated LoanCare Servicing Center with an "SQ3" rating as a primary servicer of prime credit quality home loans.
LoanCare, a wholly owned subsidiary of LandAmerica Financial Group, serviced a portfolio of 67,559 loans with an unpaid principal balance of $8.4 billion at the end of last year, representing a 68% growth by UPB from year-end 2004. Prime and alt-A loans account for 99% of the portfolio.
LoanCare expects to continue growing its ...
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