Industry News

Ratings agency quizzes MBS issuers on anti-fraud measures

S&P says automated risk detection could help
Published on Oct 11, 2007

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by CareyBot

Standard & Poor’s Ratings Services is asking issuers of mortgage-backed securities how they detect and manage fraud at the origination stage. While loose underwriting standards and declining home prices are reasons often cited for the recent dramatic rise in delinquencies ...