184 Il of aannsda rwe hgerna nttheed bd oe rf ar uo wl t eorns i tnot ewr ehsitc ho r t rheeps aey mi n edni vt i do ub al i lg artei soindse, ntthi ae l s mp eoerdt gaang de mf e da ge nr ai tl ul adwe oa nf dr e, ci no vaedrdyi tbi oynt,hset alteenldaewr sbtyh aetxge oc uv et irnng t mh eorritgghatgseorf ilgehntds ,e dr se. p e n d s o n 56 As now mi s owr oe rtthhawn hai lde oi znevne sytei ga ar tsi nh ga vteh ep aesxsteedn ts itnoc we ht hi cehp Ca sRsAasg e( tohfet hi nec Du mo dbde-nFtr at hn rke Ae cat n, idt tphreo ttewc ot i oe nn tirna nt ht se) Upnr oi tveidd eS tcaot ne ss .i sI tne na dt dr ai ttiionng ,s wg iev es enetkh et odai fnf earl ye znet li ef vCeRl sA os facl sr oe dtiat koer cRrMedBiStodreaplrsoatet cistisoune. into account when constructing the size of private label Wt r aen cdhoe ss owbi tyh eamt po ltoa yl i pn agr av adl autea soeft roo fu gvhi rl yt u $a 2l l yt rai ll ll i o3n, 2. 3T9h ep rt irvaantceh- leasb ei nl cRl uMdBe dS wq uear ret et rh oo sf e2 0o2r i0g. i nWaet eodb taani nd e ids scur ee dd i tf rroamt i ntgh ien ff oi rrsmt aqtui oanr t oe rf tohfe 2f i0v1e 7C Rt oA st h. We et hui rs de tshc oe rcer ebda isteodr of rni etnhdel idnief fsesr es nc oc rees ob fe tUwSesetna tUe Sl aswt ast ec omnos rt rt guac gt eedl abwy sGihnefnotr e( 2c l0o1s 4u )r,e as procedures, redemption periods, restrictions on deficiency judgment, and fcohraercal cotseurri se t mi c so ri na tcol ur di ai .nIgn tarda dn icthi oe ns, i oz eu ra nd da ttarsaent cihnec lcuoduens t speevre rRaMl tBr aS ndcehael . a n d d e a l In our first set of tests, we investigate whether credit ratings differ between US sMt ao toeds yg’ si v ae nn dt hDeBdRi fSf erreepnot rlte vl oewl s e ro f( hc ri ge hd ei tro)r cpr reodtiet crt ai ot inn. gOs ufro er vtirdaenncchee ss hi os swuse dt h iant sf itnadt ensows ii tghn iaf ilcoawn et rr e( lhaitgi ho ne rs )h ci pr e. Td hi tios rr epsr uo ltteicst ii no nt r, i bg uu ti nf og rf oKrBt wR Ao , rSe&a sPo, anns d. FFi ri tsct h, t ww oe (Moody’s and DBRS) out of five CRAs report significant results, while one might expect that creditor protection for each state is consistently incorporated in the 56 An RMBS transaction is a financing tool that is backed by a pool of residential mortgage loans. The cash flow to so ef rav ti rc ae ntchhee soefc au rpi rt ii zv aa tt ieo- nl a bd ee lbRt Mi s BbSa ds ee dp eonnd ts hoen ut nh de eprel yr if no gr mp aono cl eo of fr et hs ei dceonl tl ai at le rma ol (r rt ge as igdeesn, thi ae ln mc eo, rt thgea gpee rl of oa rnms )a. n c e
RkJQdWJsaXNoZXIy MTk4NDMw