Mortgage and Financial News From 2008-2-15 Page 43

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  • Freddie Mac alters rules for private insurers

    Financial Times - Freddie Mac , the government-sponsored mortgage financier, said on Thursday it had changed some of its rules relating to private mortgage insurers in a bid to support the troubled sector. Private mortgage insurance provides cover in the event of a ...
    2008-02-14 11:01:00
  • SunTrust President & CEO Wells To Add Chairman Position To Current ...

    Forbes - Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust's Internet address is suntrust.com. Contact: Investors Media Steve Shriner Barry Koling ...
    2008-02-15 05:30:00
  • Radian Group Swings To Loss In Q4- Update [RDN]

    RTT News - Radian increased its mortgage insurance loss reserves to nearly $1.3 billion at the end of the fiscal year. "We have come through a difficult year and the environment continues to be very challenging. These challenges will remain with us for the near ...
    2008-02-15 07:04:00
  • The Five Dumbest Things on Wall Street: Feb. 15

    Street.Com - ... finger at activist hedge fund manager Bill Ackman of Pershing Square Capital, who estimates that MBIA faces more than $11 billion in potential losses on insurance contracts that it underwrote for structured finance securities tied to risky mortgage ...
    2008-02-15 03:29:00
  • FGIC Corp loses Aaa insurance rating

    HULIQ.com - A major bond insurer, FGIC Corp, didn’t manage to raise enough capital to compensate for losses on subprime mortgage guarantees. It led to its loss of Aaa insurance rating at Moody's Investors Service. The losses are estimated at about $2 billion ...
    2008-02-15 04:05:00
  • UPDATE 2-Mortgage insurer MGIC loses $1.47 bln, shares fall

    Forbes - Defaults on privately insured U.S. mortgages rose 37 percent in December to the highest level on record, according to the Mortgage Insurance Cos. of America, a trade group. For all of 2007, MGIC lost $1.67 billion, or $20.54 per share, as full-year ...
    2008-02-13 07:42:00
  • DBS Group Profit Falls on Subprime Mortgage Losses (Update6)

    Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... joining global banks that have booked more than $146 billion of writedowns and credit losses amid the U.S. mortgage- market ...
    2008-02-15 03:22:00
  • U.S. Mortgage Insurers Hurt in Housing Slump, WSJ Reports

    Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... Mortgage Insurers Hurt in Housing Slump, WSJ Reports By David Altaner Feb. 15 (Bloomberg) -- MGIC Investment Corp., Radian ...
    2008-02-15 04:40:00
  • Radian Group swings to 4Q net loss; says challenges will remain near ...

    CNBC - The Philadelphia-based credit enhancement company said its fourth-quarter mortgage insurance loss reserves rose to $1.3 billion. "We have come through a difficult year and the environment continues to be very challenging," the company said ...
    2008-02-15 06:13:00
  • Radian swings to $618M loss

    MSN MoneyCentral - RDN) said mortgage insurance loss reserves continued to increase in the fourth quarter, reflecting the credit, housing and overall economic environment. Radian ended the year with $1.3 billion in mortgage insurance loss reserves. "In considering the ...
    2008-02-15 07:11:00
  • Radian posts $618 million loss in 4Q

    Boston Globe - Radian also took a $630 million charge in the fourth quarter to cover mortgage insurance losses. It also increased its reserves for future losses, boosting the total set aside to $1.3 billion as of Dec. 31. Net premiums written increased to $309.6 ...
    2008-02-15 06:49:00
  • Q3 2008 WNS Holdings Ltd. Earnings Conference Call - Final - Insurance News Net (press release)

    Q3 2008 WNS Holdings Ltd. Earnings Conference Call - FinalInsurance News Net (press release), PA - 59 minutes agoRevenue less repair payments grew by 29.5% from December 2006 as we put last quarter's mortgage losses behind us. Gross margins, excluding share-based ...
    2008-02-15 06:30:20
  • A crisis of faith - International Herald Tribune

    A crisis of faithInternational Herald Tribune, France - 55 minutes agoTroubles that began a little over a year ago in an obscure corner of the financial system - BBB-minus subprime-mortgage-backed securities - have spread to ...
    2008-02-15 06:34:39
  • Bond Insurer Break-Up - Conde Nast Portfolio

    Bond Insurer Break-UpConde Nast Portfolio, NY - 53 minutes agoFinancial Guaranty Insurance, the third-biggest bond insurer after MBIA and Ambac Financial, says it will break up into two companies. ...
    2008-02-15 06:36:07
  • Bond insurer FGIC wants to split in two - Guardian Unlimited

    Bond insurer FGIC wants to split in twoGuardian Unlimited, UK - 51 minutes agoThe company would split up its municipal bond and structured finance insurance operations, Dinallo said, speaking on CNBC television. ...
    2008-02-15 06:38:12