ABN Amro Affirmed
Fitch Ratings has affirmed ABN Amro Mortgage Group's residential primary servicer rating for prime product of "RPS2-plus."
Fitch said the rating is based on the financial strength of its parent, experienced management team and solid internal controls. The rating agency also praised AAMG's broad training program and investments in technology.
AAMG is a wholly owned subsidiary of LaSalle Bank Corp. and its ultimate parent, ABN Amro NV, whose long-term debt is rated "AA-minus" by Fitch.
AAMG is headquartered in Ann Arbor, Mich., and operates servicing platforms in Troy, Mich.; Norridge, Ill.; and Jacksonville, Fla. As of April 30, AAMG serviced more than 1.5 million loans totaling over $204 billion.
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