InterBay's Servicer Rating Raised

The special servicer rating of InterBay Funding LLC, Miami, has been raised from RSS2-minus to RSS2 by Fitch Ratings.The rating agency said the upgrade "reflects InterBay's ability to manage and liquidate nonperforming residential mortgage loans and real estate owned assets utilizing its solid default management expertise and advanced default technology, which are integral components of special servicing." Fitch also cited the company's "experienced management and staff, enhanced loan administration procedures, and strengthened management structure." InterBay's special servicing is performed on portfolios acquired by its parent company, BayView Financial Trading Group. Fitch rates residential servicers on a scale of 1 to 5, with 1 being the highest rating. It can be found online at http://www.fitchratings.com.