S&P Reviews Servicing Metrics

Standard & Poor's has launched a new biannual "servicer evaluation spotlight report" that will include aggregated servicer performance data. The report will encompass prime, subprime, and alternative-A loan servicing data. Data covering escrow administration, loss mitigation, default management, ARM resets and loan modifications will be included in the analysis, S&P said. "It offers valuable transparency into the mortgage servicing industry for investors, servicers, and anyone interested in knowing what is happening on the industry's front lines," said Michael Gutierrez, managing director and head of S&P's servicer evaluations group. The rating agency can be found on the Web at http://www.standardandpoors.com.