detriment of investors, the CRA did not incorporate information available to securitizers in their ratings of subprime mortgage … misleading investors with respect to the default risk on mortgage backed securities (MBS). This paper argues that, to the … Moody's Investor Services projections of loss for these mortgage pools. The percent of principal balances rated triple-A is …

causing the financial crisis as the major credit rating agencies (CRAs). CRAs gave mortgage backed securities (MBSs) inflated …

-related factors. We do so by using a panel-data fixed-effects model of primary market spreads for tranches of non-mortgage …

the subsequent monitoring phase. Using a record of monthly credit rating migration data on all U.S. residential mortgage …

mortgage-backed securities. It concludes that credit rating agencies were the primary reason for this deterioration.In reaching …, this paper explains the mortgage-securitization process and why current regulations failed to encourage accurate credit …

We study the determinants of the subprime mortgage loan spread, with a particular focus on funding liquidity and … subprime loan rates, explaining a significant portion of the variation in spreads. Liquidity conditions just prior to loan …