The residential primary servicer ratings of American Home Mortgage Servicing Inc. for prime, alternative-A, and home equity/home equity lines of credit products have been upgraded from RPS3 to RPS3-plus by Fitch Ratings.Fitch attributed the upgrades to operational and technological improvements to the company's servicing platform. As of June 30, AHMS serviced nearly 208,000 loans with an unpaid principal balance of over $43.5 billion, the rating agency said. AHMS is a subsidiary of American Home Mortgage Investment Corp., a real estate investment trust based in Melville, N.Y. Fitch can be found online at http://www.fitchratings.com.
American Home Servicer Rating Raised
October 24, 2006, 2:00 p.m. EDT 1 Min Read
