Mortgage and Financial News From 2008-3-7 Page 14

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  • Ambac's Callen Sees Confidence Returning This Year (Update3) (Bloomberg.com)

    March 7 (Bloomberg) -- Ambac Financial Group Inc. Chief Executive Officer Michael Callen said he'll restore investor confidence in the bond insurer by the end of the year.
    2008-03-07 10:25:26
  • BestWeek: NCOIL, NAIC Leaders Work to Bury Hatchet, Optional Federal . Charter (InfoBolsa)

    Charter 07/03/2008 16:50:00 Business Wire There is an old Washington adage, attributed to long-time Speaker of the House Sam Rayburn, in which he tells a young Democratic congressman, "The Republicans are our opponents.
    2008-03-07 10:38:42
  • Fame and fortune: Dee Caffari (Daily Telegraph)

    Dee Caffari, 34, is the first woman to sail non-stop and solo the "wrong" way around the world - against prevailing winds and currents. The trip took six months and set a world record. This year she will race around the world again in the "right" direction, sponsored by Aviva, to become the first woman to achieve the trip both ways. She lives in Titchfield, near Fareham, with her boyfriend, ...
    2008-03-07 10:41:59
  • New Pension Fund Database From Judy Diamond Associates Propels Financial Services Marketing and Industry Research ... (PrimeNewswire via Yahoo! Finance)

    WASHINGTON, March 7, 2008 -- Judy Diamond Associates, the premier publisher of marketing databases for the employee benefits industry announced today the release of its newest premium edition online database, the King of Pension Funds Gold Edition.
    2008-03-07 10:45:34
  • Ambac raises $1.5 billion to help save credit rating (EARTHtimes.org)

    NEW YORK (Reuters) - Ambac Financial Group Inc said on Friday it sold $1.5 billion of shares and convertible debt, helping to protect the bond insurer from rating downgrades but not satisfying some analysts who wanted it to raise more.
    2008-03-07 10:51:15
  • Examiner.com Related Articles: (The San Francisco Examiner)

    To provide relief to persistent credit problems, the Federal Reserve announced Friday that it will increase the amount of loans it plans to make available to banks this month to $100 billion.
    2008-03-07 10:52:51
  • Treasuries Rise as Economy Unexpectedly Shed Jobs Last Month

    Bloomberg - Lenders who issued default notices have liquidated some residential mortgage-backed securities held by the fund and may sell more as talks continue, Carlyle Capital Corp. said in a statement today.
    2008-03-07 07:22:00
  • FINANCE: U.S. Mortgage Woes Leave Poor Homeowners Adrift

    Inter Press Service - WASHINGTON, Aug 24 (IPS) - The prospect of widespread dispossession is prompting closer scrutiny of U.S. mortgage lenders and calls for regulators to help poor borrowers, not big banks. About a dozen U.S. states have begun taking measures to protect ...
    2008-03-05 02:33:00
  • Mavent CEO to Lead Discussion on Implementing Automated Risk ...

    Forbes - This panel will discuss what automated tools leading mortgage lenders and investors are utilizing to ensure loans made or purchased do not violate consumer protection laws related to mortgage lending.
    2008-03-05 12:03:00
  • UPDATE 1-Countrywide's Mozilo concerned about underwriting

    Reuters - ... he is "extremely concerned" that recent tightening of mortgage underwriting criteria has gone too far. "For the market to recover, underwriting guidelines need to strike a better balance between providing borrowers with access to loans and lenders and ...
    2008-03-07 07:29:00
  • Moody's downgrades Thornburg Mortgage

    CNN Money - NEW YORK (AP) - Credit rating agency Moody's Investors Service on Thursday evening downgraded mortgage lender and real estate ... That notice triggered cross-defaults on agreements Thornburg had with other lenders. Margin calls force borrowers to repay ...
    2008-03-07 04:58:00
  • Mortgage crisis deepens: Rates on 1.5M home loans will reset this year

    Detroit News - The idea was an instant dud with mortgage lenders, who say they already have big incentives to keep borrowers from defaulting. Wiping out some of the principal owed on homes would increase mortgage rates to all borrowers, they say, and could ...
    2008-03-05 05:58:00
  • Bernanke Call for Mortgage Forgiveness Puts Pressure on Paulson

    Bloomberg - March 5 (Bloomberg) -- Treasury Secretary Henry Paulson may need to revise his strategy for stemming record U.S. home foreclosures after Federal Reserve Chairman Ben S. Bernanke urged lenders to forgive portions of some loans. Bernanke's call, in a ...
    2008-03-05 05:15:00
  • Citigroup Overhauls U.S. Mortgage Business

    Reuters - New York-based Citigroup and other lenders nationwide have been curbing mortgage risk as the housing slump deepens and credit markets tighten, weighing on profitability and share prices.
    2008-03-07 07:36:00
  • Entering the repossession lane

    Boston Globe - Some industry analysts do not expect the problems within the auto industry to reach the crisis level of the mortgage industry. Lenders can more quickly recover, in many cases, because vehicle repossessions can occur within 90 days after a loan is ...
    2008-03-07 04:08:00