Fitch Releases Quarterly U.S. RMBS Servicer Index Report

Link to Fitch Ratings' Report: RMBS Servicing Index - U.S.A.
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=779068

Fitch Ratings has released its latest quarterly U.S. RMBS servicer index report, representing the sixth in this series. In addition to including the latest available quarterly data, the report highlights the following:

--Smaller MSR transactions continue while market waits for resolution on larger deals;

--Re-defaults of previously modified loans drive an increase in 60 day - 89 day delinquencies;

--Resolution/liquidation timelines continue to lengthen;

--Banks' average numbers of loans per servicing FTE surpasses nonbanks;

Fitch's servicer index report provides a quarterly overview of the servicing sector and industry observations, and includes a focus on non-agency servicer trends. The report also highlights differences between bank and non-bank servicers for delinquency, liquidation timelines and loss mitigation efforts.

The servicer index report is available at 'www.fitchratings.com' or by clicking the above link.

Additional information is available at 'www.fitchratings.com'.

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