Fitch Affirms Deval, LLC's U.S. RMBS Servicer Rating at 'RPS3-'; Withdraws Ratings
---Primary servicer rating for Reverse mortgage product at 'RPS3-'; Outlook Stable.
The rating is withdrawn based on Deval's platform changes and the servicer indicating that it will no longer be providing information to Fitch to support the reverse mortgage servicer rating.
The withdrawal is in accordance with Fitch's criteria: 'Rating Criteria for U.S. Residential and Small Balance Commercial Mortgage Servicers' and 'Rating Criteria for Structured Finance Servicers,' dated April 23, 2015, and available at www.fitchratings.com.
Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within some of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat rating. For more information on Fitch's residential servicer rating program, please see Fitch's report 'Rating U.S. Residential and Small Balance Commercial Mortgage Servicer Rating Criteria', dated April 23, 2015 which is available on the Fitch Ratings web site at 'www.fitchratings.com'.