According to market reports, the Center for Economic Justice (CEJ) and the Consumer Federation of America (CFA) are opposing an effort to change the way residential mortgage-backed securities are graded.

The American Council of Life Insurers, has asked the National Association of Insurance Commissioners (NAIC), to have an independent firm to create a quantitative “analytical measure” of RMBS safety, and replace reliance on current rating agency RMBS ratings with reliance on the analytical measure.

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