The Supreme Court may have helped cut the premium that rating agencies demand in securities backed by home mortgage collateral. That's the implication of two decisions by the high court dealing with secured mortgage lenders' rights in Chapter 13 bankruptcy cases.

In the latest decision, the high court decided last week in Rake, et al., vs. Wade, Trustee, No. 92-621, that a lender is entitled to back interest and fees on a home mortgage involved in a bankruptcy proceeding even though Lhe loan instrument did not explicity say so.

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