Servicer Ratings Under Review

The residential servicer ratings of IndyMac Bank FSB, a residential mortgage lender and servicer based in Pasadena, Calif., have been placed on Rating Watch Negative by Fitch Ratings.The affected residential ratings (all RPS2-plus) are as follows: primary servicer for prime, alternative-A, and subprime products; and special servicer. The rating actions reflect the corporate rating of the bank's parent company, IndyMac Bancorp, which has been placed on Rating Watch Negative, as well as the "unprecedented disruption of the secondary mortgage market," Fitch said. Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. The rating agency can be found online at http://www.fitchratings.com.