« National Australia Bank fiscal-year profit falls 43%
The Fed: Banker pay should be deferred, Fed official says »

House panel OKs new credit rating rules

0 Comments Published November 1st, 2009 in News.

A key committee approves legislation that would impose new regulations on credit-rating agencies, which have been taken to task over unrealistically rosy ratings on subprime mortgage-backed securities and other toxic assets.

Find more subprime information from Google

0 Responses to “House panel OKs new credit rating rules”

Feed for this Entry
  1. No Comments

Leave a Reply


« National Australia Bank fiscal-year profit falls 43%
The Fed: Banker pay should be deferred, Fed official says »
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






Subscribe

Subscribe to my RSS Feeds