Report title: Wells Fargo Home Mortgage a division of Wells Fargo Bank, N.A.
from Moody's Global Credit Research
15 page (6211 word) report published May 28, 2009

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...Moody's Investors Service has affirmed Wells Fargo Bank N.A.'s ("WFB") Servicer Quality ("SQ") ratings of SQ1 as a primary servicer of prime loans and as a primary servicer of subprime loans. The originations and servicing functions for the prime and subprime servicing portfolios are managed by Wells Fargo Home Mortgage ("WFHM"), which is a division of WFB. Moody's senior unsecured deposit rating for WFB is Aa2. Moody's prime servicer rating is based on WFHM's strong collection abilities, strong loss mitigation results, above average foreclosure and REO timeline management, and strong servicing stability. The company's subprime servicer rating is based on WFHM's strong collection abilities, above average loss mitigation results, above average foreclosure and REO timeline management, and strong servicing stability. WFHM's portfolio, as of February 28, 2009, totaled approximately $1.41 trillion for a total of 8,191,574 loans. The servicing operations include 8,209 employees in seven servicing...

Report Type: Servicer Report
Issuer: Wells Fargo Bank, N.A.
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