Moody’s Strengthens Rating Standards for Loan Originator Reviews, Reps & Warranties and Third-Party Assessments
November 26, 2008
Issuers of non-agency MBS will have to undergo more extensive reviews of their loan origination practices, representations and warranties and the contractors used for any loan reviews if they want to get ratings from Moody’s Investors Service. The rating company this week issued three reports detailing the upgraded standards for future issues of jumbo, Alt A, subprime...