mortgage backed securities: MBS, or mortgage-backed securities, rating agencies under renewed squeeze - 11/29/09 01:09 AM
 
Good information about some of the turmoil currently happening in the lending arena, and possibly more to come:
 
The unprecedented real estate bubble the nation just experienced was partly created by the credit rating shops that were tasked to value mortgage-backed securities, or MBS. The three large agencies doing that are Fitch Ratings, Moody's Investors Service and Standard & Poor's. The ratings the three arrived at were then attached to MBS issued by Wall Street firms and subsequently offered to investors who were seeking to invest money based on their own risk preferences. Obviously what the large investors world … (1 comments)

 
Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) Rainmaker large

Gabe Sanders

Stuart Florida Real Estate

Stuart, FL

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Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales

Address: 2391 SE Ocean Blvd., Stuart, FL, 34996

Mobile: (772) 323-6996

Office: (772) 888-2885

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