Equity One Gets Rating Upgrade

Fitch Ratings has upgraded Equity One's residential primary servicer rating to "RPS3-plus" from "RPS3" for subprime loans, the rating agency announced.

The rating reflects the company's experienced management team and the financial strength of its parent company, Popular Inc.

Based in Marlton, N.J., Equity One is a diversified consumer lender that offers mortgage, home equity and consumer loans.

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