More Pain For Humiliated SEC After Disclosure It Ignored Moody’s Whistleblower Warnings

Zero Hedge As if the SEC could be humiliated any more, another piece of disclosure now highlights that Mary Schapiro’s useless organization was unresponsive to whistleblower overtures by former Moody’s employees attempting to warn the regulator “about Moody’s weak compliance department and ratings process.” From Reuters : A congressional panel will expand its examination of credit rating agencies to look at why U.S. [more...]

Date: 2009-09-30 18:57:17

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Is Your Credit Application Affected By Your Job?

The following is a guest post by Tisha Tolar. Special thanks to Tisha for filling in while I’m on vacation ... for and obtain. Now, the application process of a new credit card is much less guaranteed. For many ... of people who manage okay and are able to maintain a good credit rating, it still may not be good enough [more...]

Date: 2008-12-01 14:29:30

Free Credit Report

Most individuals only think of credit scores if they are applying for loans ... score by keenly monitoring the credit ratings and identifying any problems and discrepancies in the process. In addition, the site also gives idea to people about the factors affects my credit score [more...]

Date: 2008-12-31 02:11:23

Another former Moodys exec slams firms rating process

By Rachelle Younglai WASHINGTON, Sept 29 - The former head of compliance overseeing Moody's Corp's credit ratings business was routinely ignored when he warned that the firm was not properly monitoring municipal bond ratings, according to a letter ... [more...]

Date: 2009-09-30 01:08:28

N.J. man learns modifying mortgage to cut payments may impair credit rating

by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]

Date: 2009-09-29 13:48:05

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