Panel set to vote on post-crisis credit rater bill

0 Comments Published October 28th, 2009 in News.

A key congresional committee begins its final round of debates over key legislation that imposes new regulations on credit rating agencies, which have been taken to task over unrealistically rosy ratings on sub-prime-mortgage securities and other toxic assets.

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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

Panel set to vote on post-crisis credit rater bill

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