New York’s attorney general has launched an investigation into eight banks to determine whether they misled ratings agencies about mortgage securities, according to published reports. Attorney General Andrew Cuomo is trying to figure out whether banks gave the agencies false information in order to get better ratings on the risky securities, said a person with knowledge of the investigation, which has not been made public.
NY’s Cuomo probing 8 banks over mortgage securities
Most Popular Articles
Latest Articles
2024 is not the year to cut corners on staging — here’s why
With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.