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Volume 2014 - Number 30

August 1, 2014

SEC Notifies S&P of Potential Enforcement Action Concerning Flawed Ratings on Six CMBS Deals

Standard & Poor’s said it is working with the Securities and Exchange Commission to address issues raised by the enforcement staff in connection with botched ratings of several commercial MBS transactions in 2011. A spokesperson for S&P said the rating agency and its parent company, McGraw Hill Financial Inc., are cooperating with the SEC after receipt of a “Wells Notice” last week indicating both companies may soon be the target of a regulatory enforcement action. The SEC notice is...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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