Foreclosure Nation

Fitch has downgraded the ratings of several U.S. residential mortgage servicers. The agency said its reasoning for the downgrade stems from the burden that comes with managing delinquent mortgages in an environment of heightened regulatory scrutiny. Fitch also cited what it described as the serv...

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As it peels back the layers of the secondary market to delve deeper into the trading of the subprime mortgage bonds reputed for setting off the financial crisis, the Securities and Exchange Commission (SEC) has set its sights on major credit ratings agencies. The SEC is considering bringing civil ...

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FEW people ever penetrate the dark side of money, but Jules Kroll is one of them. Fortunes plundered, ransoms paid, deals cut — the uncovering of such secrets, and the million smaller confidences that are his history, have made Mr. Kroll a rich man. It was nearly 40 years ago, when he practicall...

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WASHINGTON: Securities regulators on Wednesday will move to scale back markets' reliance on credit rating agencies, after the financial crisis laid bare the industry's shortcomings. The Securities and Exchange Commission is expected to propose that one of its key documents for securities offerings ...

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Many well remember the problems helped by the rating agencies, given their sad predictive > performance from 2005-2008. Nonetheless, the agencies do exist, and produce interesting > information. Moody's projects some markets will have to wait decades for home prices > to return to pre-recession l...

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