Selene Finance L.P. ABOVE AVERAGE Special And AVERAGE Primary Servicer Rankings Affirmed; Outlooks Are Stable

OVERVIEW We affirmed our ABOVE AVERAGE and AVERAGE rankings on Selene Finance L.P. as a residential special and primary servicer, respectively. The outlooks for both rankings are stable. Our rankings reflect the company's experienced management and staff, good internal control environment, competitive servicing performance metrics, and various improvements made throughout the operation. We will add Selene Finance L.P. to the Select Servicer List as a residential primary servicer. NEW YORK (S&P Global Ratings) Feb. 2, 2017--S&P Global Ratings today affirmed its ABOVE AVERAGE ranking on Selene Finance L.P. (Selene) as a residential special servicer and AVERAGE ranking as a residential primary (prime) servicer. The outlook is stable for both rankings. Our rankings reflect: An experienced management team and staff, with

...OVERVIEW + We affirmed our ABOVE AVERAGE and AVERAGE rankings on Selene Finance L.P. as a residential special and primary servicer, respectively. + The outlooks for both rankings are stable. + Our rankings reflect the company's experienced management and staff, good internal control environment, competitive servicing performance metrics, and various improvements made throughout the operation. + We will add Selene Finance L.P. to the Select Servicer List as a residential primary servicer. NEW YORK (S&P Global Ratings) Feb. 2, 2017--S&P Global Ratings today affirmed its ABOVE AVERAGE ranking on Selene Finance L.P. (Selene) as a residential special servicer and AVERAGE ranking as a residential primary (prime) servicer. The outlook is stable for both rankings. Our rankings reflect: + An experienced management team and staff, with competitive turnover metrics. + Well-developed policies and procedures. + Quantitative metrics that are generally competitive with its peer group....

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