U.S. securities regulators are weighing civil fraud charges against some credit-rating companies for their role in developing the mortgage-bond deals that helped unleash the financial crisis, according to people familiar with the matter. The Securities and Exchange Commission’s long-running probe into the deals has widened to the major credit-rating firms, including Standard & Poor’s, the people said. The leading ratings companies have been criticized by lawmakers as “key enablers” of the financial meltdown, helping to fuel the $1 trillion Wall Street mortgage-securities machine before the boom ended.
Raters draw SEC scrutiny
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program