S&P calls for greater investor safeguards in debt-related eminent domain
The use of eminent domain to seize debt to help borrowers could lead ratings firm Standard & Poor’s to...
Standard & Poor’s
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U.S. housing market data is mixed bag
In February, the housing market showed mixed signals, with annual declines of 3.6 and 3.5 percent for the 10- and 20-city composites, respectively, according to the Standard & Poor’s/Case-Shiller home price indices for January,...
S&P out of CMBS game
Financial research and ratings firm Standard & Poor’s has been pushed out of commercial mortgage-backed securities deals following a $15 billion sale that went south last year, Bloomberg News reported. Last July, a massive...
U.S. home prices drop for 3rd consecutive month
U.S. home prices declined for a third straight month in nearly all cities tracked by Standard & Poor’s/Case-Shiller home...
Solow secures $625M loan on 9 West 57th St.
From left: Sheldon Solow and 9 West 57th StreetDeveloper Sheldon Solow has obtained a $625 million loan on 9 West 57th Street from Deutsche Bank, which beat out AIG and JPMorgan Chase to provide...
Nationwide housing prices are worse than previously reported, decline further
The Standard & Poor’s/Case-Shiller Home Price Index hit the housing industry with a double dose of bad news in...
U.S. home prices inch up in August
For the fifth consecutive month, the Standard & Poor’s/Case-Shiller Home Price Index rose in August, indicating slight increases in nationwide home prices. The 10-city and 20-city composites inched up about 0.2 percent on a...
S&P still gives AAA rating to bonds backed by subprime mortgages
Standard & Poor’s gave a higher credit rating to a set of bonds tied to homeowners with below average...
National mortgage default rates drop in July
There has been a month-over-month decrease in national default rates for first and second mortgages, with second mortgage default...
S&P downgrades Fannie, Freddie
Standard & Poor’s today downgraded Fannie Mae and Freddie Mac to AA+ from AAA+ following its downgrade of the U.S. credit rating this past Friday night, the New York Times reported. The S&P explained...