zero hedge Mon 2009-12-28 22:26 EST

Moody's CMBS Delinquency Tracker Hits Decade High

Yes, yes, everyone knows commercial real estate is a neutron bomb waiting to go off, and while many are yapping, nobody is doing jack. The Fed will deal with that implosion, the expectation goes, just as tidily as it dealt with the last bubble implosion...Delinquency increased 37 basis points in October, as measured by the Moody's Delinquency Tracker (DQT). The delinquency rate now stands at 4.01%, more than six times the rate seen at the same time last year. The rate has increased over 375 basis points from the low reached in July 2007, with further increases anticipated.

Moody's CMBS Delinquency Tracker Hits Decade High; Zero Hedge.

Fri 2009-10-23 08:30 EDT

How Moody's sold its ratings - and sold out investors | McClatchy

Kevin G. Hall

As the housing market collapsed in late 2007, Moody's Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country into its worst financial crisis since the Great Depression. A McClatchy investigation has found that Moody's punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment offerings. Instead, Moody's promoted executives who headed its "structured finance" division, which assisted Wall Street in packaging loans into securities for sale to investors. It also stacked its compliance department with the people who awarded the highest ratings to pools of mortgages that soon were downgraded to junk. Such products have another name now: "toxic assets."

Investors; McClatchy; Moody's Sold; rate; SOLD.

Calculated Risk Fri 2009-10-23 08:29 EDT

McClatchy: "How Moody's sold its ratings"

CalculatedRisk

Kevin Hall at McClatchy Newspapers writes: How Moody's sold its ratings -- and sold out investors (ht Atrios) A McClatchy investigation has found that Moody's punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment offerings. Instead, Moody's promoted executives who headed its "structured finance" division, which assisted Wall Street in packaging loans into securities for sale to investors. It also stacked its compliance department with the people who awarded the highest ratings to pools of mortgages that soon were downgraded to junk.

Calculated Risk; McClatchy; Moody's Sold; rate.

Tue 2009-04-21 00:00 EDT

Calculated Risk: Moody's: Record High Credit Card Charge-Offs

Calculated Risk; Moody's; Record High Credit Card Charge-Offs.

Thu 2008-08-21 00:00 EDT

U.S. Commercial Real Estate Prices Down for Fourth Straight Month, Moody's Says | CEP News

CEP News; Moody's Says; straight month; U.S. Commercial Real Estate Prices.

Thu 2008-07-03 00:00 EDT

naked capitalism: Moody's Sacks Structured Finance Head Over CPDOs

"eems a move designed to mollify critics without admitting to bad practices in bread-and-butter products"

CPDOs; Moody's Sacks Structured Finance Head; naked capitalism.

Thu 2008-06-05 00:00 EDT

naked capitalism: Monoline Death Watch: Moody's Puts MBIA, Ambac on Review for Downgrade

AMBAC; Downgrades; Monoline Death Watch; Moody's Puts MBIA; naked capitalism; Review.

Sun 2008-05-25 00:00 EDT

Mish's Global Economic Trend Analysis: Fraud Probe At Moody's

Fraud Probe; Mish's Global Economic Trend Analysis; Moody's.

Thu 2008-05-22 00:00 EDT

Jesse's Café Américain: Moody's Stock Craters on Revelations it Marked Dodgy Debt Aaa for Sale to Europe - Blames a Computer

Jesse's Café Américain: Moody's Stock Craters on Revelations it Marked Dodgy Debt Aaa for Sale to Europe - Blames a Computer; "appearance of a collusion to defraud European investors"

blames; computers; Europe; Jesse's Café Américain; Marked Dodgy Debt Aaa; Moody's Stock Craters; revelations; sales.

Wed 2008-05-21 00:00 EDT

naked capitalism: Defective Moody's Program Issues Billions of Erroneous Aaas

"banks have rogue traders,...rating agencies have rogue computer models"

Defective Moody's Program Issues Billions; Erroneous Aaas; naked capitalism.