First Horizon Gets Alt-A Rating
Fitch Ratings has assigned First Horizon Home Loans a rating of "RPS2-minus" as a residential primary servicer for alt-A product. Headquartered in Irving, Texas, First Horizon has originated and serviced residential mortgage loans for almost 20 years through a retail branch system and an extensive wholesale and correspondent network. The company serviced $70.9 billion of mortgages as of April 30.
Over the past year, Fitch noted that First Horizon has focused on expanding to deliver a broader range of financial services, including home-equity lending, financial planning and credit cards to its customer base.
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