Residential Capital LLC

ResCap’s Servicer Ratings Cut; “Weak” Financial Condition Cited 

Fitch Ratings said Tuesday afternoon that it had cut its residential mortgage servicer ratings on troubled lender Residential Capital LLC, as the ratings agency said questions over the company’s “weakening financial condition” continue to run unanswered. Fitch cut all servicer ratings by at least four notches, a significant drop in ratings for one of the nation’s largest servicing shops.