LoanCare Servicer Rating Upgraded

LoanCare Servicing Center Inc.'s residential primary servicer rating for prime product has been upgraded from RPS3-minus to RPS3 by Fitch Ratings.The Norfolk, Va.-based LoanCare, the loan subservicing subsidiary of LandAmerica Financial Group Inc., was cited by Fitch as having "capable and tenured management team, effective loan administration procedures, and improvement to its formal training program." The rating agency also cited the financial strength of the Richmond, Va.-based LandAmerica. Fitch rates residential servicers on a scale of 1 to 5, with 1 being the highest rating.