Quantcast

Moody's Affirms Citi's Servicer Ratings

Moody's Investors Service has affirmed CitiMortgage's top rating as a primary servicer of prime residential mortgage loans.

Moody's said that Citi's "SQ1" rating is based on strong collection abilities, strong loss mitigation results, above-average foreclosure and REO timeline management, and strong servicing stability. CitiMortgage's ultimate parent company, Citigroup, is rated Aa1 for senior unsecured debt. CitiMortgage's prime, first-lien servicing portfolio consisted of nearly 2.4 million loans with a total balance of $352 billion as of Sept. 30, 2005.

(c) 2005 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

Next in News ►