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Agency Upgrades IndyMac's Ratings.(Brief Article)

Mortgage Servicing News

| December 01, 2003 | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Fitch Ratings has upgraded the servicing ratings on IndyMac Bank.

The new ratings for IndyMac are "RPS2" for prime, subprime and alt-A loans. Previously, Fitch had rated the servicer "2-minus" in those categories.

Additionally, Fitch also raised IndyMac's special servicer rating a notch to "RSS2."

Fitch affirmed IndyMac Bank's residential mortgage master servicer rating at "RMS2-plus."

The new ratings reflect the "further progress that IndyMac Bank's platform has made in the past 12 months ...

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Source: HighBeam Research, Agency Upgrades IndyMac's Ratings.(Brief Article)

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