[Update 1: Clarifies relationship between AMC and S&P] Credit rating agency Standard and Poor’s (S&P) will add Libertyville, Ill.-based American Mortgage Consultants (AMC) to its upcoming list of firms that meets its criteria for third party due diligence reviews of US residential mortgage-backed securitizations (RMBS). S&P conducted a review of AMC’s background, systems, capacity, personnel, policies and procedures in approving the firm for the reviews. The ratings agency’s analyses of mortgage pools include due-diligence reviews to increase data integrity and transparency and to improve the process of rating RMBS. “We are pleased that Standard & Poor’s has recognized AMC as a mortgage due-diligence firm with the expertise and infrastructure needed to provide high-quality loan level reviews which are essential in today’s marketplace,” said AMC president Peter Kempf. Write to Austin Kilgore.
American Mortgage Consultants Added to S&P’s Third-Party List
Most Popular Articles
Latest Articles
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Ginnie Mae admits only to core facts of the case, denying all allegations, “inferences, arguments, and legal conclusions” in the complaint.