Fitch Reviews Proposed Servicing Transfer of First Horizon RMBS

Business Wire

NEW YORK--(BUSINESS WIRE)--

Fitch Ratings has been requested to provide confirmation letters on RMBS transactions in a proposed Mortgage Servicing Transfer (MSR) from First Tennessee Bank National Association, as successor by merger to First Horizon Home Loans Corporation (First Horizon) to Nationstar Mortgage LLC (Nationstar). The transfer is anticipated to occur by Nov. 30, 2013.

The initial list contains approximately 82 transactions which First Horizon has identified as being rated by Fitch and will be included in the proposed transfer. Fitch will conduct its analysis on the transactions and expects to provide feedback shortly.

The ratings confirmation, if issued, will only address the effect of transferring the servicing from First Horizon to Nationstar. 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'.

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. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contact:
Fitch Ratings
Natasha Hanson, +1-212-908-0272
Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Roelof Slump, +1-212-908-0705
Managing Director
or
Media Relations
Sendhil Selvaraj, +44 (0) 207 682 7218
sendhil.selvaraj@fitchratings.com

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