S&P Proposes Additional Ratings Focus on Due Diligence, Originator Performance and Warranties
September 12, 2008
Standard & Poor’s this week proposed three related changes in its MBS ratings process that would put focus on the lending practices of originators supplying loans for new issuance, as well as their ability to honor representations and warranties and due diligence reviews by third parties. The three new ratings analyses are all aimed at improving transparency and the quality of...