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Moody's Affirms HomEq's Top Rating.
New York -- Moody's Investors Service has reaffirmed the servicer quality rating of SQ1, the agency's highest rating, for HomeEq Servicing Corp.
Moody's said the rating reflects HomEq's strong collection and loss mitigation abilities, above-average foreclosure and REO timeline management, and strong servicer stability.
HomEq serviced $43 billion of subprime home loans at the end of 2004. The majority of the company's portfolio is comprised of loans acquired through third-party servicing relationships.
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