Mortgage and Financial News From 2007-8-30 Page 01

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  • Insurance shame, two years after Katrina

    Detroit Free Press - We must take action to demand fair treatment of policyholders and insurance industry accountability before it is too late. James R. Barlow Rochester Hills Rise up against bailout It is ironic that the banking and mortgage industry spent billions of ...
    2007-08-30 06:50:00
  • Popular, Inc. Acquires Broker-Dealer Operations of Smith Barney in ...

    Forbes - ... the Corporation offers retail and commercial banking services through its franchise, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, mortgage loans, consumer lending, investment banking, broker/dealer insurance ...
    2007-08-30 07:57:00
  • PMI Employees Donate Hundreds of Pounds in Back-to-School

    MSN MoneyCentral - Through its wholly and partially owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products, financial guaranty insurance, and financial guaranty reinsurance. PMI has operations in Asia, Australia and New Zealand ...
    2007-08-30 02:13:00
  • US insurance, reinsurance sector outlooks still stable - S&P

    CNBC - S&P said it has surveyed all the insurance and reinsurance companies it rates globally to determine their exposure to US subprime mortgage-related instruments. "The main conclusion: We expect that these sectors will navigate the recent ...
    2007-08-30 04:55:00
  • A jumbo cause, a hefty payment

    Hindustan Times - Forget apes and the chimps. Elephants are now on a par with humans. For first time in the legal history of the country, Rajasthan high court has placed elephants in the same category of human beings and ordered an insurance company to pay Rs 5,99,440 ...
    2007-08-30 08:47:00
  • Insurance bill would spread risk, lower rates

    Palm Beach Post - WEST PALM BEACH — A state insurance regulator, a Realtor and representatives of the banking, homebuilding and mortgage brokering industries gave favorable reviews today to a bill by two local congressmen that aims to spread risk and lower homeowner ...
    2007-08-30 06:17:00
  • Fitch Downgrades Triad Guaranty's Debt Ratings to 'A-'; IFS to 'AA-'

    Forbes - As of June 30, 2007, Triad maintained $693 million of statutory capital composed of $590 million of contingency reserves and $103 million of policyholders' surplus to support its $11.1 billion of U.S. mortgage insurance net risk in force. Concerns ...
    2007-08-30 02:13:00
  • Triad Guaranty's shares fall to 8-year low after Fitch cuts debt ...

    CNBC - NEW YORK - Fitch Ratings on Thursday cut Triad Guaranty Inc.'s debt ratings on worries about exposure to the rocky U.S. housing market, sending shares of the mortgage insurance company to an eight-year low. The ratings agency lowered Triad's long ...
    2007-08-30 07:07:00
  • Triad Guaranty Inc. Comments on Fitch Revisions to U.S. Mortgage ...

    Forbes - WINSTON-SALEM, N.C., Aug. 30 /PRNewswire-FirstCall/ -- Triad Guaranty Inc. (Nasdaq: TGIC), announced today that Fitch Ratings (Fitch), consistent with its revision of its capital model for U.S. mortgage insurance companies, has changed the financial ...
    2007-08-30 04:37:00
  • Fitch Cuts Triad Debt Rates; Shares Drop (AP via Yahoo! Finance)

    Fitch Ratings on Thursday cut Triad Guaranty Inc.'s debt ratings on worries about exposure to the rocky U.S. housing market, sending shares of the mortgage insurance company to an eight-year low.
    2007-08-30 07:16:18
  • Mexico's Su Casita to Sell Mortgage Bonds Amid Rout (Update1) (Bloomberg.com)

    Aug. 30 (Bloomberg) -- Hipotecaria Su Casita SA, Mexico's biggest private seller of mortgage debt, is going forward with plans to sell as much as $500 million of bonds after the collapse of the subprime mortgage debt market in the U.S.
    2007-08-30 09:13:33
  • Insurance bill would spread risk, lower rates (The Palm Beach Post)

    A state insurance regulator, a Realtor and representatives of the banking, homebuilding and mortgage brokering industries gave favorable reviews today to a bill by two local congressmen that aims to spread risk and lower homeowner insurance rates.
    2007-08-30 04:52:21
  • Dollar gains on euro following U.S. economic report

    CNBC - HOME ... Higher interest rates, used to combat inflation, can strengthen a currency by ... said the ministry would keep a close eye on financial markets and subprime mortgage ...
    2007-08-30 08:18:00
  • Bush: No Bailout for Pinched Homeowners

    US News and World Report - A combination of higher interest rates and weaker home values clobbered some borrowers, leaving them in some cases with costly mortgages that exceeded that value of their homes. Worries that problems in the housing and mortgage markets will spread ...
    2007-08-30 07:43:00
  • Economy's spring rebound threatened

    Seattle Post Intelligencer - ... Reserve would act in time to ward off a recession by cutting interest rates should ... and businesses and also help to mitigate the payment shock facing 2 million mortgage ... Home Delivery: (206) 464-2121 or (800) 542-0820 seattlepi.com serves about 1.7 ...
    2007-08-30 10:06:00