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  • DOJ planning to sue Moody's over crisis-era mortgage bond ratings

    In the fallout from the financial crisis, many argued that the credit ratings agencies’ competition for business led to ratings shopping among bond issuers and relaxed ratings standards for the ratings agencies themselves. Last year, Standard & Poor's reached a $1.375 billion settlement over just such claims. And now the Department of Justice is taking aim at Moody's Investors Service. Click the headline to read more.

More than 500 cities see more homes become rentals

In the aftermath of the nation's housing-market collapse and recession, more than 500 midsize and large cities have seen a rise in the share of homes that are rented rather than owned, according to a USA TODAY analysis of Census data. Almost 4 million homes have been lost to foreclosures in the past five years, turning many former owner-occupied homes into rentals. The shift to rental housing is potentially long-lasting and portends changes for neighborhood stability and how people build wealth, economists say.


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