Loan Modification

Moodys CEO calls subprime ratings disappointing
The chief executive of Moody’s Corp. says his company’s inaccurate ratings of mortgage-related investments were “deeply disappointing” but investors shouldn’t rely on ratings to buy or sell securities...

Moody's Employees Who Covered Up Errors May Get the Sack
As the SEC expands its investigation into credit ratings agencies, Moody's, which is conducting its own internal investigation, led by law firm Sullivan & Cromwell, into errors in calculating credit ratings for certain complex securities,said it may fire employees if...

Moody's Considers New Rankings for Mortgage-Backed Securities
Moody's announced it is considering a new ratings system for mortgage-backed securities, so that investors can distinguish them from traditional debt instruments that Moody's ranks according to a three-letter (A, B, C) system...

SEC Expands Inquiry into Credit Ratings Agencies
The SEC expanded its investigation into credit ratings agencies to look at how the agencies detect and handle errors in their ratings. Last week it was reported that Moody's failed promptly to correct triple-A ratings that resulted from errors in...

Subprime Bloodletting Continues at Fitch
Fitch Ratings today made massive downgrades on various vintage ‘05 through ‘08 subprime residential mortgage-backed securities (RMBS), indicating the extent of the fallout related to subprime defaults has yet to subside...

Warren Buffet: Insider Trader (Moody's MCO)
There's at least probable cause that Warren Buffett violated insider trading laws when he sold $6.2 million in Moody's (MCO) shares. Buffett has been in regular contact with Moody's executives; in March Moody's received a notice that it faced an SEC lawsuit; in March Buffett $6...

Moody International Facing Unpaid Overtime Class-Action
Moody International Facing Unpaid Overtime Class-Action

Goldman Sachs
Agrees $60 Million Subprime Settlement in Massachusetts

Nielsen Media Challenged
TV ratings company to pay undisclosed settlement in antitrust lawsuit.

Bell Canada
alleging wrongful charging for long distance phone calls

Automated Calls
Voice Mail Broadcasting Corp. pays $180,000 FTC settlement for telemarketing violations.