Fitch Ratings has upgraded the residential primary servicer rating of National City Home Loan Services, Pittsburgh, from RPS2-minus to RPS2 for alternative-A and subprime loans.In addition, Fitch raised National City's special servicer rating from RSS3-plus to RSS2-minus. The primary servicer ratings are based on the company's "experienced management team, commitment to technology enhancements, and solid internal control environment," Fitch said. The special servicer rating reflects its "reliable default management and asset liquidation methodologies," the rating agency said. Fitch can be found online at http://www.fitchratings.com.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
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