Fitch Withdraws Wells Fargo Home Equity Group's U.S. RMBS Servicer Ratings

  Fitch Withdraws Wells Fargo Home Equity Group's U.S. RMBS Servicer Ratings

Business Wire

NEW YORK -- January 15, 2013

Fitch Ratings has withdrawn Wells Fargo Home Equity Group's (WFHE) U.S.
residential servicer ratings as follows:

--U.S. Primary servicer rating for Home Equity Line of Credit (HELOC); rated
'RPS2+';

--U.S. Primary specialty servicer rating for second lien product; rated
'RPS2+'.

The rating withdrawal is based on the lack of sufficient information to
maintain the ratings. Wells Fargo's management indicated that they are not
currently active in non-agency loan sales or RMBS securitization of these
products. This influenced their decision to not provide updated information to
maintain their servicer ratings.

The ratings being withdrawn had been determined in accordance with Fitch's
criteria detailed below at the end of the press release.

Fitch rates residential mortgage primary, master, and special servicers on a
scale of 1 to 5, with 1 being the highest rating. Within some of these rating
levels, Fitch further differentiates ratings by plus (+) and minus (-) as well
as the flat rating. Additional information on Fitch's residential servicer
rating program is available in Fitch's Jan. 31, 2011 report, available at
'www.fitchratings.com' or by clicking the link below.

Additional information is available at 'www.fitchratings.com'. The ratings
above were solicited by, or on behalf of, the issuer, and therefore, Fitch has
been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'U.S. Residential and Small Balance Commercial Mortgage Servicer Rating
Criteria' (Jan. 31, 2011).

--'Global Rating Criteria for Structured Finance Servicers' (Aug. 16, 2010).

Applicable Criteria and Related Research:

U.S. Residential and Small Balance Commercial Mortgage Servicer Rating
Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=600065

Global Rating Criteria for Structured Finance Servicers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547305

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL,
COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM
THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contact:

Fitch Ratings
Primary Analyst
Michael Laidlaw
Director
+1-212-908-0251
Fitch Ratings, One State Street Plaza, New York, NY 10004
or
Secondary Analyst
Diane Pendley
Managing Director
+1-212-908-0777
or
Committee Chairperson
Suzanne Mistretta
Managing Director
+1-212-908-0639
or
Media Relations:
Sandro Scenga, +1-212-908-0278 (New York)
sandro.scenga@fitchratings.com
 
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