Fitch Withdraws Ditech's U.S. RMBS Servicer Ratings

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has withdrawn the U.S. residential mortgage servicer ratings and Rating Outlooks for Ditech, a Walter Company (Ditech) as follows:

-- Primary servicer rating for prime product at 'RPS2-'; Outlook Negative;

-- Primary servicer rating for subprime product at 'RPS2-'; Outlook Negative;

-- Primary servicer rating for HLTV product at 'RPS2-'; Outlook Negative;

-- Primary servicer rating for HELOC product at 'RPS2-'; Outlook Negative;

-- Primary servicer rating for second lien product at 'RPS2-'; Outlook Negative

--Special servicer rating at 'RSS2-'; Outlook Negative.

Fitch has withdrawn all ratings and Outlooks as Ditech has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings.

Accordingly, Fitch will no longer provide RMBS servicer ratings for Ditech.

The ratings being withdrawn had been determined in accordance with Fitch's criteria 'Rating Criteria for U.S. Residential and Small Balance Commercial Mortgage Servicers' and 'Rating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'.

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

Applicable Criteria and Related Research:

--'Rating Criteria for Structured Finance Servicers' (April, 2015);

--'Rating Criteria for U.S. Residential and Small Balance Commercial Mortgage Servicers ' (April, 2015).

Applicable Criteria

Rating Criteria for Structured Finance Servicers (pub. 23 Apr 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=864375

Rating Criteria for U.S. Residential and Small Balance Commercial Mortgage Servicers (pub. 23 Apr 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=864368

Additional Disclosures

Solicitation Status

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1003677

Endorsement Policy

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160429006007/en/

Fitch Ratings
Primary Analyst
Natasha Aikins
Director
+1-212-908-0272
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Thomas Crowe
Senior Director
+1-212-908-0227
or
Committee Chairperson
Roelof Slump
Managing Director
+1-212-908-0705
or
Media Relations:
Alyssa Castelli, +1-212-908-0540
[email protected]
Elizabeth Fogerty, +1-212-908-0526
[email protected]

Source: Fitch Ratings

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