Standard and Poor’s will continue to rate structured finance transactions containing mortgage loans from Arkansas after the state's anti-predatory-lending law goes into effect July 16, the rating agency has announced.Among the deals that S&P said it will rate are those with loan pools that include high-cost home loans, despite the assignee liability provision in the Arkansas Home Loan Protection Law. S&P said it will require third-party verification from sellers who maintain that there are no high-cost loans in their loan pools. It will require even stricter criteria for pools containing high-cost loans, to ensure that none of the loans violate the Arkansas law. S&P can be found on the Web at http://www.standardandpoors.com.
Processing Content
