Ratings Agencies Criticized for Going Easy on Mortgage Servicers
By Jeff Horwitz
FEB 25, 2011 5:23pm EDT
Investors and analysts have howled over specific mortgage servicers' handling of delinquent loans for years. The ratings industry generally has not.
Showing posts with label American Banker. Show all posts
Showing posts with label American Banker. Show all posts
Friday, February 25, 2011
Thursday, February 24, 2011
AB: A Servicer's Alleged Conflict Raises Doubts About 'Skin in the Game' Reforms
A Servicer's Alleged Conflict Raises Doubts About 'Skin in the Game' Reforms
By Jeff Horwitz
FEB 24, 2011 3:12pm EDT
Carrington Capital Management, a former subprime securitization specialist, salvaged an impressive amount of money from its low-ranked residential mortgage-backed securities, thanks to the unusual strategies of its servicing affiliate.
By Jeff Horwitz
FEB 24, 2011 3:12pm EDT
Carrington Capital Management, a former subprime securitization specialist, salvaged an impressive amount of money from its low-ranked residential mortgage-backed securities, thanks to the unusual strategies of its servicing affiliate.
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