Fitch Reviews Proposed Servicing Transfer of BANA RMBS to SPS
NEW YORK -- September 25, 2013
Fitch Ratings has been requested to provide confirmation letters on RMBS
transactions in a proposed mortgage servicing transfer from Bank of America,
N.A. (BANA) to Select Portfolio Servicing (SPS). The transfers are expected to
occur in two phases, on or about Oct. 31 and Nov. 15.
Fitch was requested by BANA to provide rating confirmation letters on an
initial list of three transactions which BANA has identified as being rated by
Fitch and will be included in the proposed transfer. Fitch will conduct its
analysis on the transactions included in the transfer and expects to provide
The ratings confirmation, if issued, will only address the effect of
transferring the servicing from BANA to SPS. It will not address whether the
transfer is permitted by the terms of the transaction documents, nor will it
address whether it is in the best interests of, or prejudicial to, some or all
of the holders of the securities.
The Fitch rated transactions requiring a confirmation are:
Additional information is available at www.fitchratings.com.
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EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER
ON THE FITCH WEBSITE.
Natasha Hanson, +1-212-908-0272
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
Diane Pendley, +1-212-908-0777
Sandro Scenga, +1-212-908-0278
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