DBRS Morningstar Discontinues Freddie Mac’s Commercial Mortgage Special Servicer Ranking

DBRS, Inc. (DBRS Morningstar) discontinued and withdrew its MOR CS2 commercial mortgage special servicer ranking for Freddie Mac Multifamily Asset Management and Operations (Freddie Mac or the Company) at the Company’s request. Freddie Mac’s multifamily portfolio has historically experienced low delinquency rates. Accordingly, the Company has directly managed, albeit successfully, a low volume of specially serviced loans.

All rankings are subject to surveillance, which could result in rankings being raised, lowered, placed under review, confirmed, or discontinued by DBRS Morningstar.

DBRS Morningstar North American commercial mortgage servicer rankings are not credit ratings. Instead, they are designed to evaluate the quality of the parties that service commercial mortgage loans. Although the servicer’s financial condition contributes to the applicable ranking, its relative importance is such that a servicer’s ranking should never be considered as a proxy of its creditworthiness.

Notes:
The principal methodology is North American Commercial Mortgage Servicer Rankings (August 23, 2023; https://www.dbrsmorningstar.com/research/419592).

For more information on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

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