Moody’s and Fitch’s high ratings of subprime mortgage bonds disproportionately harmed black and Latino home buyers, the National Community Reinvestment Coalition alleges.
In what is apparently the first legal action of its [...]
Archive for November, 2008
Civil rights complaint targets Wall Street rating firms
A Village Down the Block
At a “cohousing” project planned for Fort Greene, Brooklyn, the residents will share all decisions and some meals.
Link to the original Article
Civil rights complaint targets Wall Street rating firms
Moody’s and Fitch’s high ratings of subprime mortgage bonds disproportionately harmed black and Latino home buyers, the National Community Reinvestment Coalition alleges.
In what is apparently the first legal action of its [...]
New crisis, in commercial real estate, looms
The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide.
Link to the original Article
In Florida, New Condos On the Block
Once viewed primarily as a means to sell foreclosed properties, auctions are increasingly being used to jump-start sales in new developments.
Link to the original Article
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