Moody’s and Standard & Poor’s shares took a hit yesterday as Credit Suisse cut its outlook and price targets on both Moody’s and McGraw Hill, which owns S&P, due to concerns over slower securitization volume from woes in the subprime market.
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Pending home sales post a modest gain in March: NAR
Pending home sales increased by 3.4% from February to March despite rising mortgage rates, the National Association of Realtors reported.