...OVERVIEW + We affirmed our ABOVE AVERAGE ranking and AVERAGE ranking on Selene Finance L.P. (Selene) as a residential special servicer and primary servicer, respectively. + The company is a primary and special servicer on more than 64,000 accounts representing a $9.8 billion unpaid principal balance. + Selene anticipates servicing an 80,000 loan portfolio by year-end 2018, with business originating from multiple sources. + The outlooks are stable. NEW YORK (S&P Global Ratings) June 13, 2018--S&P Global Ratings today affirmed its ABOVE AVERAGE ranking on Selene Finance L.P. (Selene) as a residential special servicer. In addition, we also affirmed our AVERAGE ranking on Selene as a residential primary (prime) servicer. The outlooks are stable. The AVERAGE ranking for prime servicing is due to Selene's lack of historical performance in tandem with the large fluctuations in volume with this product, even though the company has stabilized the portfolio over the past two years....
