Tag Archives: new york attorney general andrew cuomo

Rating Agencies Under Fire For The Lousy Way They Evaluated Mortgage Debt

FROM FT.com: The big rating agencies have agreed to change the way they charge for credit ratings in the mortgage-backed securities market to prevent “ratings shopping”, where only the highest ratings on a deal are selected and paid for. The … Continue reading

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Refinance, Mortgages And The Credit Agencies

From the New York Times: NEW YORK (AP) — Major credit rating agencies were a step closer Tuesday to settling with New York Attorney General Andrew Cuomo to overhaul business practices in the aftermath of the subprime mortgage crisis. Standard … Continue reading

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Canadian Mortgage Rates Plunge

From nationalpost.com: Recent sharp mortgage rate cuts by some of the big Canadian banks may be a sign some in the industry are ready to wage war on price. "We were scratching our head a little bit," when some of … Continue reading

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