Posts Tagged ‘mortgages’

Busting the Rating Agency

Busting the Rating Agency

By The Banker | Blog Posts, Wall Street

Yo everybody 5-0! 5-0!  The cops are here! The US Justice Department filed a lawsuit yesterday against Standard & Poors, for its role in over-rating mortgage bonds, CDOs, and other securities in the years 2004 to 2007, securities which later proved to be weapons of mass financial destruction – the initial catalysts of the Great

Interview: Mortgage Originator Explains the Crisis

Interview: Mortgage Originator Explains the Crisis

By The Banker | Audio Posts

Please click above to listen to full interview. Mike sat down with David, a former mortgage originator during the boom times.  They discuss the move into Subprime lending, the causes of the crisis, and shockingly, whether it was all worth it. David:  Hi my name is David and I used to be a mortgage underwriter