01.11.2016 23:26:00
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Moody's: Sub-Servicing transfer to SPS from Chase for five US RMBS has no negative ratings impact
New York, November 01, 2016 -- Moody's Investors Service ("Moody's") stated today that the proposed sub-servicing transfer of approximately 640 seriously delinquent loans, and the future transfer of other loans if they become seriously delinquent, in five US RMBS transactions, to Select Portfolio Servicing, Inc. ("SPS") from JPMorgan Chase Bank N.A. (Chase), the current Servicer, will not, in and of itself and at this time, result in a reduction or withdrawal of the current ratings on the securities issued by these transactions.