Consolidated Analytics will now appear in S&P’s Ratings Direct publication alongside other selected firms that meet S&P’s stringent assessment factors.
Read More »S&P Approves Altavera as RMBS Due Diligence Provider
Altavera joins a network fewer than a dozen organizations that are included in S&P’s list of reviewed third-party due diligence firms that have met the necessary criteria.
Read More »Home Price Index Hits 30-month High
A recent Home Price NSA Index revealed a 5.8-percent jump over a year prior, marking its highest point in 30 months.
Read More »S&P Reaches Settlement on Pre-Crash RMBS Ratings
The Department of Justice sued S&P in February 2013, alleging that the credit ratings agency "knowingly and with the intent to defraud, devised, participated in, and executed a scheme to defraud investors" in collateralized debt obligations and residential mortgage-backed securities between 2004 and 2007.
Read More »Report: S&P Seeking to Settle Ratings Lawsuit
Ratings agency Standard & Poor's might be looking to strike a deal of up to $1 billion with the government to settle a suit filed last year, the Wall Street Journal reports. The suit alleges that S&P "knowingly and with the intent to defraud, devised, participated in, and executed a scheme to defraud investors" in collateralized debt obligations and securities backed by residential mortgages between September 2004 and October 2007.
Read More »Report Finds Flaws in Analysis of Re-Performing RMBS Deal
Standard & Poor’s (S&P) may have made some missteps in evaluating the risk of a residential mortgage-backed security (RMBS) transaction that has now been postponed, Fitch Ratings says in a recent report. In a release issued Friday, Fitch says S&P relied on incomplete home value data for loans contained in the recently announced RMBS transaction to be issued by Bayview Asset Management.
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