Fitch headquarters in Lower Manhattan Fitch Ratings headquarters in Lower Manhattan.

NEW YORK CITY—There’s been a shift the roster when it comes to the players in CMBS special servicing. In a year-end review of servicing trends, Fitch Ratings sees a move toward third-party firms even as the “traditional cartel” of legacy special servicers, which invested in controlling bond positions, continues to hold the largest balance of active special servicing.