S&P Adds RCS to Select Servicer List

Residential Credit Solutions Inc., Fort Worth, Texas, has been added to the Standard & Poor's Select Servicer List as a residential subprime and special servicer. S&P admits servicers to the list based on a positive assessment of their financial position, regulatory compliance, and management strengths, RCS said. "RCS provides high-touch special servicing for its bank and thrift partners and owners of mortgage credit risk that need additional servicing capacity to manage at-risk, subperforming, and nonperforming residential loans," the company said. The company is backed by Equifin Capital Partners, a private equity firm, and Och-Ziff Capital Management Group, an alternative asset manager. The companies can be found online at http://www.residentialcredit.com and http://www.standardandpoors.com/ratings.