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Today, the SEC adopted tougher rules for credit rating agencies, designed to reduce conflicts of interest and curtail business practices that many people say contributed to the current financial crisis. Agencies such as Moody’s and SP have been blamed for failing to protect investors during the real estate boom, leading to the subprime mortgage meltdown. The firms lowered their standards in rating complex CDOs, often giving higher ratings to securities backed with toxic subprime mortgage
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New Rules for Rating Agencies
- Category: Home, Real Estate, Value
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- I created this blog in 2006 to help others already investing in real estate pick up a few more ideas
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Today I own multiple properties and continue to add more to my portfolio
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