Centex Affirmed for B&C
Fitch has affirmed the ratings of Centex Home Equity Co. at "RPS2+" for primary servicing of subprime products.
Fitch said the rating reflects the company's continued solid abilities to service, collect and liquidate subprime residential mortgage loans, as well as Centex's effectiveness in early collections and loss mitigation methods.
The rating is also indicative of the financial strength of the firm's parent, the Centex Corp., which is rated "BBB+" by Fitch.
Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com