Fitch Ratings has joined Standard & Poor's Ratings Services in saying that it will continue to rate loan pools containing mortgages from Nevada.The rating agency's Oct. 3 announcement followed the effective date of a new Nevada predatory lending law by two days. While Fitch said it believes that the law will have no effect on the mortgage industry, the rating agency said it may subject high-cost loans to additional credit enhancement. Fitch said it takes this approach for any mortgage designated as high-cost in the jurisdiction where it was originated.
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