S&P Refuses to Rate Non-Agency MBS With ‘Faulty’ Info from GSE AU Systems
December 13, 2002
S&P Refuses to Rate Non-Agency MBS With ‘Faulty’ Info from GSE AU Systems Standard & Poor’s, the most active rating service in the non-agency MBS market, this week again raised concerns about inaccurate data files in connection with mortgage pools that are processed with automated underwriting systems designed for the conforming mortgage market.