Standard & Poor’s gave LenderLive Network Inc. a nod of approval this week by naming the firm one of its approved third-party due diligence providers. LenderLive, which provides loan processing to the mortgage industry, obtained the stamp of approval for its review of loans underlying residential mortgage-backed securities submitted to S&P for a credit rating. The nod from S&P comes at a time when the future of the securitization market hinges not only on investor confidence, but on the accuracy and dependability of data culled from loans backing RMBS. The ratings agency recently began incorporating third-party due diligence results into its RMBS rating process. Write to Kerri Panchuk.
S&P adds LenderLive data to RMBS due diligence surveillance
Most Popular Articles
Latest Articles
Lower mortgage rates attracting more homebuyers
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
-
Down payment amounts are exploding in these metros
-
Commission lawsuit plaintiff Sitzer launches flat fee real estate startup
