Fitch Affirms NCB
Fitch Ratings has affirmed the commercial mortgage-backed securities servicer rating of National Cooperative Bank. Fitch gives NCB a "CPS1-" primary servicer rating and "CMS2-" master servicer rating. Fitch also affirmed the company's special servicer rating of "CSS3."
As of March 31, NCB's portfolio consisted of 3,741 loans totaling $5 billion. The company acted as primary servicer in 11 CMBS transactions, servicing 82 CMBS loans totaling $197 million and was named master servicer for 37 securitized transactions totaling $3.9 billion.
Fitch rates servicers on a scale of one to five, with one being the highest rating. (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com