Fitch Publishes Third Edition of U.S. RMBS Servicer Handbook
OREANDA-NEWS. Fitch Ratings has published its third U.S. RMBS Mortgage Servicer Handbook, which includes quarterly servicer-provided data through September 2015.
Observations from this latest release indicate:
--Servicers continue to be focused on opportunities to maintain scale, including MSR purchases and origination activities.
--Loan originations at First Republic Bank, Homestreet Bank, and Shellpoint Mortgage Servicing contributed toward servicing portfolio growth at these entities.
--Temporary staffing has declined after an earlier build up in response to regulatory change.
--With the exception of BONY Mellon, master-servicing staffing has declined in response to portfolio runoff.
The Handbook continues to provide detailed entity-specific information on most Fitch-rated RMBS servicers, as well as a comprehensive rating and outlook report.
Handbook details include a description of all Fitch-rated RMBS servicers, their current servicer ratings and key rating drivers, portfolio size and key attributes, important trends, links to the full RMBS servicer reports, and Fitch analyst contact information.
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