OVERVIEW We affirmed our rankings on Specialized Loan Servicing (SLS) as a residential subprime, subordinate-lien, and special mortgage loan servicer at ABOVE AVERAGE. SLS recently assumed the servicing responsibilities for approximately 30,000 high-risk loans with a total unpaid principal balance of more than $5 billion from a major financial institution. As of December 2011, Computershare owned 100% of SLS. NEW YORK (Standard&Poor's) July 27, 2012--Standard&Poor's Ratings Services today affirmed its ABOVE AVERAGE rankings on Specialized Loan Servicing (SLS) as a residential subprime, subordinate-lien, and special mortgage loan servicer. The outlook for all of the rankings is stable. KEY RANKING FACTORS Strengths: SLS has a highly developed interactive investor reporting system that allows investors to develop customized
