U.S. Court Rejects Credit Rating Agencies ‘Free Speech’ Defense
September 14, 2009
Credit rating agencies may want to reevaluate their use of the First Amendment as a defense against liability arising from ratings they issued on subprime investment products that eventually soured. Industry lawyers say a recent decision by U.S. District Court Judge Shira Scheindlin in New York City could be an influential precedent in other cases pending against credit rating agencies in...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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