S&P Boosts Enhancement Levels for Some Subprime Mortgages Protected by State Predatory Lending Laws
May 21, 2004
S&P Boosts Enhancement Levels for Some Subprime Mortgages Protected by State Predatory Lending Laws Standard & Poor’s made waves last week with new rating criteria that will impose high credit enhancement requirements on some loans covered by state predatory lending laws. But how much impact the criteria will have on the market depends in large part on whom you talk to.