S&P Revises Ratings Methodology for Seasoned Loans In RMBS to Adjust Reps & Warranties, Loan Mods
May 7, 2010
Standard & Poor’s is refining its methodology for reviewing seasoned loans in residential MBS transactions, a potential source of new non-agency MBS issuance. S&P said the performance of mortgages may reflect the quality of a lender’s origination and underwriting process, but the company also believes that as a loan seasons, its performance may become a...