Mortgage and Financial News From 2008-3-7 Page 13

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  • TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 GMT

    CNBC - 2008-03-05 14:09:58 Icelandic mortgage lender HFF's outlook cut to negative - Moody's MUMBAI (Thomson Financial) - Moody ... 2008-03-05 12:48:31 Travel & General Insurance's outlook cut to negative, IFS affirmed - Fitch BANGALORE (Thomson ...
    2008-03-05 08:00:00
  • Fannie-Freddie Backing, Ambac Buybacks, BA: Timshel (Update1)

    Bloomberg - Fannie Mae's shares fell yesterday to the lowest price since the company, once known as the Federal National Mortgage ... Ambac's distress sale of $1.25 billion in stock, designed to sustain its insurance unit's AAA credit ratings, points to a ...
    2008-03-07 05:56:00
  • CHRONOLOGY - Bond insurers' credit ratings

    Forbes - NEW YORK (Reuters) - Troubles in the $2.4 trillion bond insurance industry have been the focal point of a widening credit crisis as expected losses in mortgage-backed debt put the insurers' ratings at risk. Traditionally focused on insuring municipal ...
    2008-03-05 10:01:00
  • European Stocks Decline; Axa, BHP Billiton, Veolia Lead Drop

    Bloomberg - Axa SA , Europe's second-biggest insurance company, sank to the lowest since 2005. ... Louis President William Poole said yesterday the pain of losses in the mortgage market is ``not over yet.
    2008-03-07 08:47:00
  • Ambac shares plunge on reorganization plan

    CNN Money - The company also disclosed in a Securities and Exchange Commission filing that it would discontinue writing insurance on certain structured finance products including all mortgage-backed securities and collateralized debt obligations, or CDOs ...
    2008-03-05 12:17:00
  • Credit market troubles deepen

    Detroit News - Alabama county faces bankruptcy, while a Euro bank dumps $24B in mortgage securities. ... Meanwhile, the insurance cities were able to purchase to protect their bonds is losing its luster.
    2008-03-07 06:17:00
  • The First Stage of the Insurance System

    Kommersant - First deputy general director of the Moscow Mortgage Agency Bank Andrey Belyakov said that his bank did not apply for deposit insurance because it was unnecessary. “Our bank works with individuals through loan accounts.
    2008-03-07 09:02:00
  • Losers You Should Love

    Forbes - With that in mind, we searched for battered gems in the worst-performing industry groups, including (in order, starting with the worst) surety and title insurance, mortgage investment, toys and games, semiconductor memory chips, jewelry stores ...
    2008-03-05 01:08:00
  • Fortis 4Q Sinks on $4.1B Writedown

    Forbes - Belgium's Fortis NV took $4.1 billion in impairments on mortgage-related investments for the fourth quarter, joining the ... charges were partly offset by 957 million euros ($1.46 billion) in gains on the sale of its stake in a Spanish insurance ...
    2008-03-07 09:38:00
  • City attorney says Westwind permit appeal timeframe has already ...

    West Central Tribune - Shelly, you should look at buying a house. You pay almost as much in rent as I pay for my mortgage, insurance, and taxes. I bought my house 3 years ago to get away from the neighborhood I was living in (Dana Dr area)
    2008-03-07 08:12:00
  • Hurdles For Jumbo Borrowers

    CNBC - By taking out private mortgage insurance you may also be able to secure a mortgage for more than 80%. However, that may not be as easy as it sounds.
    2008-03-05 03:59:00
  • Financial Advisors Group To Initiate Seminars For Anti-Predatory ...

    BlackNews.com - Members include financial advisors, accountants, tax advisors, insurance specialists, estate planners, loan officers, realtors, mortgage lenders, and estate attorneys ...
    2008-03-07 10:06:00
  • Gables house tells story of how boom fizzled

    Miami Herald - Credit Suisse then sold the securities to other institutional investors, like hedge funds, pensions and insurance companies. Investors who bought the mortgage-backed securities from Credit Suisse likely pooled them again with other securities to form ...
    2008-03-07 10:42:00
  • As Foreclosures Rise, Investors Pull Back

    New York Times - He also said the Federal Housing Administration, a government mortgage insurance program, should guarantee more loans. The F.H.A. said Thursday that more than 20 counties across the country would see limits on mortgages backed by Fannie Mae and ...
    2008-03-07 06:03:00
  • Triad Guaranty Mortgage Insurance Now Available on Fiserv's UniFi(R) PRO Loan Origination System (PR Newswire via Yahoo! Finance)

    SALEM, N.C., March 7 /PRNewswire-FirstCall/ -- Triad Guaranty Inc. announced that its subsidiary, Triad Guaranty Insurance Corporation, has joined with Fiserv, Inc. to offer its various mortgage insurance programs through Fiserv's UniFi PRO loan origination system.
    2008-03-07 10:23:00