Securities and Exchange Commission

The look of due diligence in future non-agency transactions 

There’s no question that, in the future market for non-agency securitizations, due diligence is going to take on greater importance.  Three of the four rating agencies — S&P, Moody’s and Fitch — have published comprehensive guidelines for third party reviews before they rate future mortgage backed securities (MBS). The Securities and Exchange Commission (SEC) has also weighed in on this subject as part of its recommended changes to Reg. AB II.