Fitch Ratings has released a report detailing its new criteria for rating residential mortgage servicers.The report offers an overview of Fitch's approach to the residential servicer rating process and its application to Fitch's analysis of residential mortgage backed securities transactions. The report lists several areas Fitch has enhanced since the rating program was initiated in 1999. Fitch rates residential primary, master and special servicers on a scale of one to five, providing further differentiation with "plus" or "minus" in addition to the flat rating. The report can be obtained from Fitch's website, www.fitchratings.com.
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