OVERVIEW We affirmed our ABOVE AVERAGE ranking on Selene Finance LP as a residential special servicer and also affirmed our AVERAGE ranking as a residential primary servicer. The outlook is affirmed at stable. Selene has entered into new arrangements with other entities to primary and special service other portfolios. It remains interested in servicing conforming mortgages. NEW YORK (Standard&Poor's) Oct. 21, 2014--Standard&Poor's Ratings Services today affirmed its rankings for Selene Finance LP at AVERAGE as a residential primary servicer, and ABOVE AVERAGE as a residential special servicer. The outlook is affirmed at stable. MAJOR RANKING FACTORS AND KEY CHANGES Strengths: Ability to expand its business, as evidenced by its recent boarding of a large Ginnie Mae
