Right- S&P is trying to look like a bad-ass, though have as much insight today in the ability of a company to repay a loan as they did during the financial meltdown.

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Government insistence and getting a rating agency's approval to buy an
investment product needs to be eliminated. These firms insights are no
better than a dart board.


<http://dsnews.us1.list-manage1.com/track/click?u=59816bad6939d5a7dd87e45a5&
id=a0978cb45b&e=ebe71b748c> Standard & Poor's Announces Servicers Must Prove
Compliance

Ratings agency Standard & Poor's says mortgage servicers must provide
documentation that their foreclosure processes are in compliance with
foreclosure laws, or risk receiving a revised outlook or rating from the
company. Many mortgage servicers have been under scrutiny recently because
of reports of "robo-signing." S&P says it expects all residential servicers
in its Select Servicer program to prove their compliance with proper
foreclosure affidavit procedures by the end of first quarter of 2011.

-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766

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