Fitch Investors Services Inc. put several classes of Dallas-based FirstPlus Financial Inc.'s securitized loan pools on negative rating alert.
The ratings agency cited the termination on Dec. 28 of FirstPlus' deal with Coast-to-Coast Financial Corp. of Las Vegas. Coast-to-Coast was planning to buy FirstPlus' servicing. Fitch said its action reflects "concern regarding FirstPlus' ability to maintain servicing quality given the difficulties the company has recently encountered."
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