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S&P Credit Research552 word report
published Jan 16, 2008
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Jan. 16, 2008--Standard&Poor's Ratings Services today affirmed its STRONG ranking on CitiMortgage Inc. (CMI), a wholly owned indirect subsidiary of Citigroup Inc., as a residential mortgage master servicer. The outlook is stable. CMI has an experienced staff, solid internal controls, and a fine level of automation, and it maintains good oversight of its subservicers. The company recently hired a new senior auditor to further improve its servicer review program and plans to augment such reviews early this year. CMI's multiple auditing mechanisms, consisting of an internal audit and dual self-assessment reviews, help ensure that the company is adhering to prudent servicing practices. While CMI's internal audits are not as frequent as those of
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| Brief Excerpt: | RESEARCH Ratings Definitions CitiMortgage STRONG Residential Mortgage Master Servicer Ranking Affirmed; Outlook Stable Publication date: 16-Jan-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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