Relevant:
- ResCap’s Servicer Ratings Cut; “Weak†Financial Condition Cited
- Fitch Downgrades Wells Fargo Master Servicing Rating
- Fitch cuts outlook for Japan debt to negative
- MBIA Loses AAA Insurer Rating From Fitch Over Capital
- Fitch Places $97B of SF CDOs on Watch Negative on Worsening Mortgage Performance
2010-11-05 — zerohedge.com
``Fitch Ratings-New York-04 November 2010: Fitch Ratings has assigned a Negative Outlook for the entire U.S. Residential Mortgage Servicer ratings sector on increased concerns surrounding alleged procedural defects in the judicial foreclosure process.''
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