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Home » Store » Taxable » B&C News Briefs

B&C News Briefs

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Standard & Poor’s has given a "strong" rating to Litton Loan Servicing. A subsidiary of investment firm C-Bass, Litton closed 2000 with a subprime servicing portfolio totaling close to $2.7 billion. S&P said its rating is based on Litton’s "established history" as a special servicer, dealing with the most troubled subprime loans. The company also scored points for its strong management and its internal control system. Litton’s servicing philosophy stresses early intervention with an eye
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