NEW YORK--(BUSINESS WIRE)--Fitch Ratings has initiated coverage of Seneca Mortgage Servicing, LLC (Seneca) and has assigned the following U.S. residential mortgage servicer ratings. --U.S. Primary servicer rating for prime product 'RPS3'; Outlook Stable; --U.S. Primary Special servicer rating 'RSS3'; Outlook Stable; The rating assignments and Stable Outlook are based on Seneca's developed servicing platform, experienced management team, financial support and oversight by the parent company, and