California. Standard & Poor’s will not rate structured MBS deals that include mortgage loans covered by anti-predatory lending ordinances in Oakland and Los Angeles. The rating agency made the announcement after reviewing both ordinances and determining that violations could result in unlimited, punitive liability for purchasers or assignees of high-cost refinance home loans. The more recent ordinance passed by the L.A. city council on Dec. 10, 2002, will become effective immediately after the California