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Real Estate & Property Law

: Housing Wire

Popular Mortgage?s Primary Servicer Downgraded

By DIANA GOLOBAY

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Fitch Ratings on Thursday downgraded Popular Mortgage Servicing Inc.’s (PMSI) US residential primary servicer rating to ‘RPS3′ from ‘RPS2-’ and stuck the rating on negative watch. Fitch rates servicers from one to five, with one ranking the highest. The rating agency’s decision on Popular reflects potential impact on PMSI’s servicing operations from financial pressure and continuing challenges [...]

Full post as published by Housing Wire on June 12, 2009 (boomark / email).

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