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DOJ planning to sue Moody’s over crisis-era mortgage bond ratings

by Fraud Stoppers Admin | Oct 22, 2016 | Foreclosure Defense News, Tactics, and Tips

In the fallout of the financial crisis, many argued that the credit ratings agencies’ competition for business led to ratings shopping among bond issuers and relaxed ratings standards for the ratings agencies themselves. Last year, Standard & Poor’s reached a...

DOJ mortgage settlement with Deutsche Bank to cost $14B?

by Fraud Stoppers Admin | Sep 16, 2016 | Foreclosure Defense News, Tactics, and Tips

While an official settlement is not yet public, it’s rumored that the U.S. Justice Department proposed that Deutsche Bank AG pay $14 billion to settle a case that dates back to the financial crisis, according to an article in The Wall Street Journal. According to an...