Standard & Poor’s Won’t Rate Non-Agency MBS That Include Georgia ‘Home Loans’ The biggest rating agency in the non-conforming mortgage securities market says it will not rate transactions if they include mortgage loans below the Fannie/Freddie conforming loan limit that are secured by property in Georgia. Standard & Poor’s announcement follows the unheralded decisions by some subprime mortgage conduits to withdraw from Georgia as the state’s tough new predatory lending statute went into effect late