Citigroup Inc. (C) ?s $285 million settlement with the U.S. Securities and Exchange Commission over mortgage-backed securities was rejected by federal judge who said he hadn?t been given enough facts to approve it.
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Citigroup, HSBC, RBS, Rajaratnam, Glaxo, S&P in Court News
Posted by mortgage 176 days ago (Editorial)
SEC mulls charges against S&P
Posted by mortgage 239 days ago (Editorial)
US regulators may charge Standard & Poor's with securities law violations after the ratings agency gave top grades to a package of securitized mortgages in 2007 that quickly soured.
S&P May Face SEC Sanctions Over 2007 Rating of Subprime CDO
Posted by mortgage 239 days ago (Editorial)
Standard & Poor?s, the world?s largest provider of credit ratings, may face U.S. regulatory sanctions in connection with its rating of a $1.6 billion collateralized debt obligation in 2007.
SEC mulls charges against S&P in CDO case
Posted by mortgage 239 days ago (Editorial)
(Reuters) - Regulators disclosed they may take action against Standard & Poor's for securities law violations after the ratings agency gave top grades to a package of securitized mortgages in 2007 that quickly soured.
S&P Rates Some Subprime Mortgage Bonds Higher Than the U.S.?So What?
Posted by mortgage 264 days ago (Editorial)
If you understand MBS, then this possibility doesn't seem ludicrous at all
S&P Considers Rating Subprime-Backed Securities Higher Than U.S. Government
Posted by mortgage 265 days ago (Editorial)
Though the credit rating agency Standard & Poor's no longer believes the United States merits a top triple-A rating, it is prepared to put its stamp of approval on a set of bonds backed by subprime mortgages , only a few years after its high ratings of other subprime-backed securities helped set the stage for a financial crisis and near-collapse of the global economy.
More S&P Outrage: Subprime Mortgage Deal Gets Higher Rating Than U.S.
Posted by mortgage 265 days ago (Editorial)
Subprime mortgage borrowers, it appears, are more creditworthy than Uncle Sam. Standard & Poor's, the ratings agency that recently downgraded the credit of the United States, is giving a higher rating to a group of subprime mortgage loans - yup, just like the type that lead to the financial crisis - than the bonds issued [...]
Subprime Mortgage-Backed Security to Get Higher Credit Rating From S&P Than US
Posted by mortgage 265 days ago (Editorial)
S&P is reportedly going to give an MBS of subprime mortgages a AAA rating, one notch higher than its rating of the US government.
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