More On Rate Changes

Ok, I've had time to compare the Google cached version of the state rates page versus the most recent and here's the goods

State	Old Rates	New Rates
Alaska	$1k - $25k: 10.25%	$1k - $25k: 16%
Arizona	$1k - $25k: 24%	$1k - $10k: 24% $10k - $25k: 30%
Arkansas	$1k - $25k: $10.25%	$1k - $25k: 11.25% APR
California	$2.5k - $25k: 30%	$1k - $2.5k: 19.2% $2.5k - $25k: 30%
Delaware	$1k - $25k: 10.25%	$1k - $25k: 11.25% APR
Kentucky	$1k - $25k: 8.25%	$1k - $15k: 10.25% APR $15k - $25k: 30%
Lousiana	$1k - $25k: 21%	$1k - $25k: 12%
Maine	$1k - $25k: 18%	$1k - $4k: 24% APR $4k - $25k: 18% APR
Massachusetts	$6k - $25k: 23%	$1k - $6k: 12% APR $6k - $25k: 20% APR
Minnesota	$1k - $25k: 8%	$1k - $2.5k: 19.2% $2.5k - $25k: 30%
Mississippi	$1k - $25k: 10%	$1k - $25k: 30% (Business Only)
Missouri	$1k - $25k: 30%	$1k - $7.5k: 30%
New Hampshire	$10k - $25k: 30%	$1k - $10k: 10% APR $10k - $25k: 30%
North Carolina	$1k - $25k: 16%	$1k - $25k: 30% (Business Only)
North Dakota	$1k - $25k: 30%	None!!
Ohio	$1k - $25k: 8%	$1k - $25k: 25% APR
Tennessee	$1k - $25k: 10.5%	$1k - $25k: 12.25% APR
Texas	$1k - $25k: 30%	$1k - $25k: 10% APR (Business up to 18%)

Big winners for Lenders: Alaska, Arizona, California, Kentucky, Maine, Minnesota, Mississippi, New Hampshire, North Carolina, Ohio.

Big losers: Louisiana, Massachusetts, Missouri, North Dakota, Texas.

Texas is a big blow, but I think the increased opportunities in Ohio, California, Kentucky, and Minnesota will more than compensate. For the "business only" additions to some states, it's a net good, but an obscure one. Getting states like Mississippi and North Carolina above AA/A/B credit territory and restricting it to "business" lending is a net-gain for lenders as it allows C/D/E loans to get a fair shake at funding. Like it or not, these ratings put up a lot of volume and, for the C/D space anyway, compensate the lender for their troubles.