Citing recent revisions to the Georgia Fair Lending Act, Moody's Investors Service has announced that it will rate residential mortgage-backed securities that include Georgia loans.Moody's said most Georgia mortgage loans can now be included in RMBS without increasing risk to investors. Under the revised GFLA, lenders and securitizers will be able to adopt practices "to insulate securitization trusts from liability," and therefore they can include such loans in securitizations "with no adverse rating consequence," the rating agency said. Standard and Poor's made a similar announcement on March 11. Moody's can be found on the Web at http://www.moodys.com.
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