The drop in home values caused by the mortgage crisis has resulted in one positive outcome: Prices have fallen so far that home affordability is back to pre-housing-boom levels, reports Moody’s Analytics. But a quarter of house…
After an exhaustive examination, DailyFinance’s legal reporter comes to a clear verdict. Banks have done three things to create the massive glut of foreclosures choking America’s legal systems and laying waste to its real estat…
Moody’s Investors Service and Standard & Poor’s are both considering downgrading their ratings on U.S. debt because of rising interest-to-revenue ratios, the nation’s jobless recovery, and rising Social Security and health care…
Moody’s downgrades Hungary’s sovereign credit rating by two notches to near junk on concern that the temporary measures the government is taking to address budget issues won’t be sustainable.
Continue reading M…
Meredith Whitney, an analyst who rose to fame as one of the few people who predicted the financial crisis ahead of time, now plans to from a new credit agency, the Financial Times reports.
Continue reading Mere…