0 minute readCalifornia’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.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio