California’s attorney general on Monday accused Moody’s Investors Service of stonewalling his probe into why it gave its highest credit ratings to risky mortgage-backed securities that helped ignite the U.S. credit crisis. Attorney General Jerry Brown said his office took the “virtually unprecedented” step last Friday of filing a petition seeking a court order to enforce a subpoena his office issued last September demanding information about how Moody’s sets its credit ratings.
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RE/MAX released its National Housing Report for December 2019, which revealed that the month posted a record finish to a year and the decade.