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S&P Credit Research346 word report
published Aug 21, 2008
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Aug. 21, 2008--Standard&Poor's Ratings Services today withdrew its STRONG ranking on CitiMortgage Inc. as a residential subordinate-lien mortgage servicer at the company's request. Concurrently, we removed the company from our Select Servicer List in this ranking category. CitiMortgage management requested that we withdraw the subordinate-lien ranking because, due to current market conditions, the company does not intend to securitize these loans or grow this line of business in the immediate future. Standard&Poor's will continue to rank CitiMortgage Inc. as a residential loan, master, and subprime mortgage servicer.
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| Brief Excerpt: | RESEARCH Ratings Definitions CitiMortgage Inc. Subordinate-Lien Servicer Ranking Withdrawn; Taken Off Select Servicer List Publication date: 21-Aug-2008 Servicer Analyst: Steven Frie, New York (1) 212-438-2458; steven_frie@standardandpoors.com...
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| Report Type: | Ratings Action
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| Ticker: | 16010Z
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| Issuer: | CitiMortgage Inc.
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| GICS: | Thrifts & Mortgage Finance (40102010)
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| Sector: | Asset-Backed Securities, Financial Institutions, Global Issuers, Residential MBS, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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