Fitch Reviews Proposed Servicing Transfer of Indymac RMBS

  Fitch Reviews Proposed Servicing Transfer of Indymac RMBS

Business Wire

NEW YORK -- October 1, 2013

Fitch Ratings has been requested to provide confirmation letters on RMBS
transactions in a proposed mortgage servicing rights (MSR) transfer from
IndyMac Mortgage Services, a division of OneWest Bank, FSB (IndyMac) to Ocwen
Loan Servicing, LLC (Ocwen). The MSR transfer is anticipated to occur in
November 2013.

Fitch has been asked to provide rating confirmation letters by OneWest Bank on
list of approximately 150 transactions that OneWest Bank 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 feedback shortly.

The ratings confirmation, if issued, will only address the effect of
transferring the servicing from IndyMac to Ocwen. 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.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'U.S. RMBS Surveillance Criteria' (Oct. 11, 2012).

Applicable Criteria and Related Research:

U.S. RMBS Surveillance Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=691057

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Contact:

Fitch Ratings
Diane Pendley, +1-212-908-0777
Managing Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Natasha Hanson, +1-212-908-0272
Director
or
Media Relations
Sendhil Selvaraj, +44 (0) 207 682 7218
sendhil.selvaraj@fitchratings.com
 
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