Reverse mortgages: Beware the come-ons - CNN Money
(MONEY Magazine) — Last year, borrowers took out more than 132,000 reverse mortgages - 50% more than the year before and almost 10 times as many as five years ago. Such loans, as you may already know, allow you to draw down your home equity if you …
Moody’s stock suffers record plunge on rating error (Reuters via Yahoo! News)
Shares of Moody’s Corp fell more than 13 percent on Wednesday, the biggest one-day drop since becoming an independent company in 2000, after the rating agency said a computer snafu resulted in incorrect top ratings for complex debt.
Moody’s shares continue to fall on regulatory risk (AP via Yahoo! Finance)
Moody’s Corp. shares continued to fall Thursday after the Connecticut attorney general said he is investigating if computer errors led the ratings agency to assign safe ratings to risky investments.