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Roundup: Imperial Capital Bank Gets First Small Loan Rating.

Mortgage Servicing News

| July 01, 2004 | COPYRIGHT 2004 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 given Imperial Capital Bank the first primary servicer rating specifically designated for management of small loans in commercial mortgage backed securities.

ICB received a "CPS3 Small Loans" rating from Fitch, making the company eligible to serve as a primary servicer of loans packaged into commercial mortgage-backed securities.

ICB is a state-chartered commercial bank headquartered in La Jolla, Calif. Its parent company is ITLA Capital Corp.

As of March 31, ICB's real estate loan servicing portfolio consisted of 1,493 loans totaling $1.4 billion. ICB is not currently a primary servicer on any CMBS loans.

Rich Carlson, an analyst in Fitch's Chicago ...

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