HML has received a special servicing upgrade for the second year running and has had its primary servicer rating affirmed at RPS2+ for prime and subprime UK residential mortgages.

This means that no other UK servicer holds a higher primary servicer rating.

At the end of 2010, HML’s special servicing team, which had been upgraded to RSS2-, were servicing nearly 40,000 loans worth almost £5 billion and HML’s primary servicing portfolio was made up of more than 336,000 mortgages valued at £36.9 billion.

In upgrading HML’s special servicer rating, Fitch cited the industry experience of HML’s senior management as well as “continued improvements to operational performance surrounding the management of defaulted mortgage loans”” as key factors.