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Moody’s reaffirms ‘above-average’ quality rating for reverse mortgage servicer Celink

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink, which is the current holder of the U.S. Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing contract and is a HECM subservicer for several major lenders.

The Moody’s assessment of “SQ2” is based on Celink’s “above-average” servicing abilities and “average” servicing stability. The SQ represents Moody’s view of a servicer’s ability to prevent or mitigate asset-pool losses across changing markets. The details ⇒

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