OVERVIEW Specialized Loan Servicing is a privately held third-party servicer of residential mortgage loans. We revised our outlook on Specialized Loan Servicing to positive from stable as a servicer of subprime, special, and subordinate-lien mortgages. We also affirmed our ABOVE AVERAGE rankings on the servicer for these three servicing categories. The positive outlook reflects the company's continuing efforts to strengthen its controls through sound automation processes. NEW YORK (Standard&Poor's) June 1, 2011--Standard&Poor's Ratings Services today revised its outlook on Specialized Loan Servicing to positive from stable as a residential subprime, special, and subordinate-lien mortgage servicer. At the same time, we affirmed our ABOVE AVERAGE rankings on the company in these three servicing categories. The overall servicer
