Regions Rating Transferred
Moody's Investors Service has assigned Regions Bank, which offers residential mortgage servicing through its Regions Mortgage division, an "SQ2" rating as a primary servicer of prime/alt-A residential mortgage loans and an "SQ2" rating as a primary servicer of subprime residential mortgage loans.
Moody's has also withdrawn the servicer quality ratings for Union Planters Bank, because of the merger of Union Planters and Regions which became effective in June.
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