Fitch Affirms HFF CMBS Servicer Ratings

Fitch Ratings has affirmed the commercial mortgage-backed securities (CMBS) primary and special servicer ratings of Holliday Fenoglio Fowler LP (HFF) at CPS2- and CSS3, respectively.

HFF's primary servicer rating is based on the company's experienced and tenured management and staff and its long history as a commercial mortgage primary servicer, including Freddie Mac and CMBS servicing. The special servicer rating is based on HFF's ability to work out, manage and resolve commercial mortgage loans and real estate owned assets.

As of Sept. 30, HFF's primary servicing portfolio consisted of 2,019 loans totaling $25 billion, of which 562 loans totaling $7.8 billion were CMBS, Fitch adds. HFF does not currently specially service any securitized loans. Rather, the group performs workout functions for insurance companies and other institutional lenders.

SOURCE: Fitch Ratings


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