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Collective liability cut from credit rater bill

0 Comments Published October 24th, 2009 in News.

A controversial proposal to slap liabilities on all credit rating agencies for the failure of one gets dropped by a key House lawmaker.

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« Japanese firms see no rebound until 2011: report
Countrywide faces House probe of VIP loan plan »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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