NEW YORK (Standard & Poor's) June 29, 2007--Standard & Poor's Ratings Services today affirmed its ABOVE AVERAGE ranking on Patrimonio S.A. de C.V. (Patrimonio), a mortgage nonbank bank, as a residential loan servicer for the Mexican mortgage market. At the same time, we assigned a public ranking of ABOVE AVERAGE to the company as a construction loan servicer in the Mexican market. The outlook for the rankings is stable. The rankings are principally based on the following: -- A management team and professional staff with a high degree of industry knowledge; -- Effective organizational structure that properly segregates duties and produces optimal efficiency; -- Detailed, comprehensive, and easy to understand policies and procedures; -- Very good processes that cover collection...
Companies mentioned in this report are: Patrimonio, S.A. de C.V. S.F.O.L
Action: New Rating
Action: Servicer Ranking
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Research type: News
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