TEXT-S&P affirms First National Financial servicer rank

Fri Nov 30, 2012 10:34am EST
 
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OVERVIEW

-- We affirmed our ABOVE AVERAGE ranking on First National Financial L.P. as a residential mortgage servicer.

-- We also affirmed our ABOVE AVERAGE subrankings for management and organization and loan administration.

-- Our rankings reflect the company's stable and experienced management team and efficient servicing operations.

Nov 30 - Standard & Poor's Ratings Services today affirmed its ABOVE AVERAGE ranking on First National Financial L.P. (FNF) as a residential mortgage servicer in the Canadian market. The outlook is stable. In addition, we affirmed our subrankings for management and organization and loan administration at ABOVE AVERAGE. In accordance with our criteria, we believe the financial position to be SUFFICIENT. MAJOR RANKING FACTORS Strengths

-- Effective and tenured senior management;

-- Sound technology environment; and

-- Manageable staff turnover. Weaknesses   Continued...