Category: Mortgage Fraud
Posted in Mortgage Fraud
Securities Fraud in the CMBS Marketplace
Following the financial crisis in 2008, Commercial Mortgage Backed Securities came under fire for inaccurate ratings that were reported by McGraw-Hill Financial Inc. and its subsidiary, Standard & Poor’s Financial Services LLC. In the Spring of 2015, a $1.5 billion settlement was reached between the defendants and the U.S. Department…