...Wells Fargo Bank Master Servicing (WFBMS) has been performing this function since 1988. The master servicer is part of the Corporate Trust Services (CTS) that falls under the wholesale banking division of Wells Fargo and Company (WF&C). The rating affirmation of `RMS1'/Stable is based on the master servicer's strong and effective senior management team, enhanced servicer reporting and remittance procedures, well-developed servicer oversight functions and its effective servicer transition planning. The rating action also reflects the master servicer's contingency planning and its evidenced success in managing transferred portfolios subsequent to primary servicers' default....
