Several RMBS Servicers Downgraded

Fitch Ratings has downgraded the operational risk ratings of several U.S. residential mortgage servicers, including Bank of America, Chase, CitiMortgage and Wells Fargo, whose ratings dropped by one or two notches.

  • 13 Jun 2011
Fitch Ratings has downgraded the operational risk ratings of several U.S. residential mortgage servicers, including Bank of America, Chase, CitiMortgage and Wells Fargo, whose ratings dropped by one or two notches. Fitch attributed the downgrades to “the growing burden of managing delinquent and defaulted mortgages in an environment ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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1 Citi 117,398.62 338 11.04%
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3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%