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Wachovia's Servicer Ranking Raised.

Mortgage Servicing News

| September 01, 2008 | COPYRIGHT 2008 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

New York-Standard & Poor's Ratings Services raised its ranking on Wachovia Mortgage FSB, a wholly owned, indirect subsidiary of Wachovia Corp., to "strong" from "above average" as a residential mortgage loan servicer. The outlook is stable.

The ranking is based on the company's experienced management team, solid infrastructure, robust and comprehensive employee training and development programs, and efficient, effective use of technology in its well-automated mortgage loan ...

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Source: HighBeam Research, Wachovia's Servicer Ranking Raised.

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