Moody's Rates Accredited as B&C Servicer
Moody's Investors Service has assigned Accredited Home Lenders a rating of "SQ2" as a primary servicer of subprime residential mortgage loans.
Moody's said the rating is based on above-average collection abilities, average loss mitigation, above-average foreclosure and liquidation timeline management, and average servicer stability.
Accredited performs primary servicing for loans that the company originates and retains, for its own standalone securitizations, as well as for loans the company originates and sells with retained servicing.
Accredited's servicing portfolio totaled approximately $5.5 billion as of June 30.
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