MUMBAI (Thomson Financial) - Moody's Investors Service affirmed Wachovia Mortgage Corp's rating of 'SQ2' as a primary servicer of prime residential mortgage loans.
Moody's rating is based on above average collection results, average loss mitigation capabilities, above average timeline management and above average servicing stability.
The agency said its servicer ratings also consider the company's ability to maintain high quality servicing in an economic downturn.
Wachovia Mortgage is the residential mortgage lending unit of Wachovia Corp. TFN.newsdesk@thomson.com jro COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Moody's rating is based on above average collection results, average loss mitigation capabilities, above average timeline management and above average servicing stability.
The agency said its servicer ratings also consider the company's ability to maintain high quality servicing in an economic downturn.
Wachovia Mortgage is the residential mortgage lending unit of Wachovia Corp. TFN.newsdesk@thomson.com jro COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2007 AFX News
