News Column

Fitch Releases Quarterly US RMBS Servicer Index Report

June 27, 2014



NEW YORK--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: RMBS Servicing Index - U.S.A.

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=750695

Fitch Ratings has released its latest quarterly US RMBS servicer index report, representing the fifth in this series. In addition to including the latest available quarterly data, the report highlights the following:

--The implementation of the new CFPB guidelines, effective January 10, 2014;

--The slowing of legacy RMBS MSR transfers;

--The divergent trends in delinquency status for bank servicers compared to non-bank servicers;

--Decreasing loss mitigation cases;

--The continuation of short sales as the preferred solution for property liquidation.

Fitch's servicer index report provides a quarterly overview of the servicing sector and industry observations, and includes a focus on non-agency servicer trends. The report also highlights differences between bank and non-bank servicers for delinquency, liquidation timelines and loss mitigation efforts.

The servicer index report is available at 'www.fitchratings.com' or by clicking the above link.

Additional information is available at 'www.fitchratings.com'

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.



Fitch Ratings

Natasha Aikins

Director

+1-212-908-0272

Fitch Ratings, Inc.

33 Whitehall Street

New York, NY 10004

or

Roelof Slump

Managing Director

+1-212-908-0705

or

Media Relations

Sandro Scenga, New York, +1-212-908-0278

sandro.scenga@fitchratings.com

Source: Fitch Ratings


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