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Citi Gets Servicing Upgrade Following Golden State Deal.(Brief Article)

Mortgage Servicing News

| February 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 residential primary servicer rating for CitiMortgage to 'RPS1' from 'RPS1-minus,' the rating agency announced.

The new rating is Fitch's highest for a servicer. Fitch said the upgrade is based on CitiMortgage's experienced management team, solid collateral performance, state-of-the-art risk management tools, comprehensive training programs, and the financial strength of its parent Citigroup, which is rated "AA-plus" by Fitch.

CitiMortgage is based in Saint Louis and has servicing sites in Saint Louis; Farmington Hills, Mich.; and Frederick, Md. As of Sept. 30, ...

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