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Article: Fitch Affirms Wells Fargo's Consumer Credit Group Servicer Rating for Home Equity Loans.
- Article from:
- Business Wire
- Article date:
- September 25, 2007
CopyrightCOPYRIGHT 2007 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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NEW YORK -- Fitch has affirmed Wells Fargo Consumer Credit Group, a business division of Wells Fargo Bank, N.A.'s (CCG) residential servicer rating as follows:
--Primary servicer rating for home equity/home equity lines of credit at 'RPS2'.
The rating action reflects the company's experienced management team, robust internal control environment and solid performing loan procedures. The rating also reflects the financial strength of Wells Fargo Bank, N.A., whose long-term debt is rated 'AA' by Fitch.
Headquartered in San Francisco, CA, CCG is a leading originator and servicer of home equity loans and lines of credit. The home equity portfolio ...