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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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1 Citi 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%