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Litton Obtains MH Rating.
Mortgage Servicing News
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March 01, 2007 |
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NEW YORK -- Moody's Investors Service has assigned a manufactured housing loan servicer rating of "SQ2-" to Litton Loan Servicing, a subsidiary of Credit-Based Asset Servicing and Securitization. Moody's said the rating reflects above-average servicing ability and average servicer stability.
Litton primarily services loans that C-BASS owns or loans that have been securitized where C-BASS owns the subordinate and residual securities. Litton also performs third-party servicing. Litton's servicing portfolio totaled 395,701 loans with an unpaid principal balance of $56.3 billion at the end of ...
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Source: HighBeam Research, Litton Obtains MH Rating.