...Bank of America, N.A. (BANA, or the company), a subsidiary of Bank of America Corporation (BAC), has been servicing residential loans for more than 46 years. BANA is an approved servicer for Fannie Mae, Freddie Mac and Ginnie Mae securities. BANA has servicing sites in 18 cities in the U.S. In addition, BANA utilizes captive service providers in Mumbai, Gurgoan and Hyderabad, India. As of June 30, 2016, BANA was servicing 4,108,440 loans totaling $535.7 billion, a decrease from 5,234,912 loans totaling $674.6 billion as of March 31, 2015. The affirmation and Stable Rating Outlook for the primary servicer ratings reflect continued, sustained improvement in BANA's internal audit results, continued investments in technology and operational enhancements. The withdrawal of the special servicer rating is based on the lack of sufficient information to maintain the rating. BANA indicated that it is not currently active in non-agency RMBS securitization special servicing, which influenced its decision...
