New York’s attorney general has launched an investigation into eight banks to determine whether they misled ratings agencies about mortgage securities, according to published reports. Attorney General Andrew Cuomo is trying to figure out whether banks gave the agencies false information in order to get better ratings on the risky securities, said a person with knowledge of the investigation, which has not been made public.
NY’s Cuomo probing 8 banks over mortgage securities
Most Popular Articles
Latest Articles
U.S. mortgage delinquency rates remain near historic lows: CoreLogic
The share of mortgages that were six months or more past due fell to its lowest level in 15 years in February