Fitch Ratings has announced that it will continue to rate loan pools containing mortgages from Oklahoma, including high-cost, or subsection 10, home loans.Since Oklahoma's assignee liability language is almost identical to the federal standard under the Home Ownership and Equity Protection Act, Fitch said it is able to quantify the risk of that liability. The rating agency said it may attach additional credit enhancement requirements to subsection 10 loans, which is consistent with its policy on high-cost mortgages originated in any jurisdiction. Oklahoma's law goes into effect on Jan. 1. Fitch can be found online at http://www.fitchratings.com.
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