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First Horizon Home Loans Irving TX


A premier provider of business process outsourcing and information technology solutions, announced today that it has been awarded a renewed and expanded business process outsourcing (BPO) contract with First Horizon Home Loan Corporation, one of the nation's leading home financing companies.

Irving, Texas-based First Horizon Home Loan Corporation announced it has introduced an automated loan underwriting engine designed specifically for mortgage brokers originating nonprime loans.

NEW YORK - Fitch Ratings has taken numerous rating actions on the First Horizon Home Loan Corporation Prime RMBS transactions listed below: -First Horizon 2003-6 -First Horizon 2004-3 The rating actions were taken as part as Fitch's ongoing surveillance process of existing transactions.

Fidelity Bank, First Horizon Home Loan Corporation, First Nationwide Mortgage Corporation, GMAC Mortgage Corporation, Guaranty Residential Lending Inc.

In addition, the ratings reflect the quality of the mortgage collateral, strength of the legal and financial structures, and the servicing capabilities of First Horizon Home Loan Corporation, currently rated 'RPS2' by Fitch.

About First Horizon Home Loan Corporation Headquartered in Irving, Texas, First Horizon Home Loans(R) has established itself as a nationally recognized leader in the mortgage banking industry.

As noted earlier, First Horizon Home Loan Corporation is a subsidiary of First Tennessee, a financial services company.

All of the above deals were acquired and are serviced by First Horizon Home Loan Corporation, rated 'RPS2' by Fitch.



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