MBS Documents Need to Be Submitted Sooner, Rating Agency Tells MBS Issuers
September 14, 2004
Want to get a securitization rated by Standard & Poor’s? Then you better make sure your deal documents are in on time. That was the message that the rating agency sent to secondary market players in a recent alert that highlighted what S&P said is becoming a problematic tendency of many MBS issuers to deliver their deal documents close to the closing date.