Residential Capital LLC

Moody’s Downgrades Homecomings Financial’s Servicer Ratings 

Moody’s Investors Service said today that it has downgraded all servicer quality ratings for Homecomings Financial, amid a debt downgrade of the servicer’s parent, Residential Capital, LLC. The ratings actions included a drop in prime, HLTV, and second lien servicing to “SQ2+” from “SQ1” — a two notch drop in rating — as well as a drop in subprime and special servicing ratings to “SQ2” from “SQ2+.”