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Moody's Affirms WFC's Ratings.
New York -- Moody's Investors Service has affirmed Wells Fargo Bank's top ratings as a primary servicer of both prime and subprime mortgage loans.
In addition to affirming the "SQ1" ratings as a primary servicer, Moody's also affirmed Wells Fargo's "SQ2" rating as a special servicer.
Moody's noted that the company's senior unsecured debt is rated "Aaa." In addition, the rating agency said it was impressed by Wells Fargo Home Mortgage's strong collection abilities, strong prime loss mitigation and above-average subprime loss mitigation results, as well as the company's "above-average" foreclosure and REO timeline management.
As of Dec. 31, Wells Fargo serviced $1.18 ...
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