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Ratings Roundup: Centex Praised for Early Collections, Loss Mitigation.(Brief Article)

Mortgage Servicing News

| August 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 Centex Home Equity Co.'s rating for primary servicing of subprime home loans to "RPS2-plus" from "RPS2," citing the company's early collections and loss mitigation practices as primary reasons for the higher rating.

Fitch also said the upgrade is based on Centex's solid abilities to service, collect and liquidate subprime residential mortgage loans. Fitch also cited the financial strength of Centex's parent, Centex Corp., and the firm's experienced management ...

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Source: HighBeam Research, Ratings Roundup: Centex Praised for Early Collections, Loss...

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