Fitch Upgrades GMAC Special Servicer Rating

Fitch Ratings has upgraded GMAC Mortgage LLC's special servicer rating from RSS1-minus to RSS1 and removed it from Rating Watch Evolving.The rating agency also assigned the company an RPS1 residential primary subservicer rating. In addition, Fitch affirmed and removed from Rating Watch Evolving the company's RPS1 residential primary servicer ratings for prime, alternative-A, subprime, high loan-to-value, and home equity/home equity line of credit loan products. "The primary, special, and subservicer ratings are based on the company's solid loan administration practices, experienced management team, comprehensive internal controls, robust technology platform, effective management and liquidation of delinquent and nonperforming residential mortgage loans and real-estate-owned assets, and demonstrated ability to provide effective subservicing for third-party portfolios," Fitch said. Fitch rates residential servicers on a scale of 1 to 5, with 1 being the highest rating. The rating agency can be found online at http://www.fitchratings.com.