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Article: S & P Names Seattle Savings Bank as First Select Servicer for Reverse Mortgages; Seattle Savings Bank First Company Added to New Select Servicer List for Reverse Mortgage Loans.
- Article from:
- Business Wire
- Article date:
- October 31, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEATTLE -- Seattle Savings Bank today announces that Standard and Poor's has named the company and its subsidiaries as the first reverse mortgage lender added to the Select Servicer List as servicer of reverse mortgage loans.
Standard & Poor's Ratings Services recently evaluated Seattle Savings, its first Reverse Mortgage Servicer, and added the company to its monthly Select Servicer List, creating a new category. Standard & Poor's admits servicers to its Select Servicer List based on a comprehensive assessment of a firm's operational capabilities for servicing commercial mortgage, residential mortgage, and/or asset-backed portfolios. Inclusion on the Select ...
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