Mortgage and Financial News From 2007-8-25 Page 10
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Fitch Downgrades & Places Countrywide Home Loans' Servicer Rtgs on ...
Forbes - Since Fitch's prior review, CHL enhanced its FOCUS foreclosure timeline management system to capture delay information via electronic business partner communication, initiated an electronic data interchange (EDI) with mortgage insurance companies ...
2007-08-24 04:58:00 -
Strickland Decries New Federal Policy On Children's Insurance
WCPO - COLUMBUS, Ohio (AP) -- New federal guidelines that require many children to be uninsured for a full year before they have access to government-subsidized coverage threatens Ohio's expansion of the popular program, Gov. Ted Strickland said Friday. The ...
2007-08-25 03:42:00 -
Midday Leaders & Laggards: S&P 500
Boston Globe - Based in Milwaukee, MGIC Investment sells mortgage insurance policies. Another laggard was Monster Worldwide Inc. , a job-search Web site based in New York. Monster's stock fell 65 cents to $33.03 after the company said information on 1.3 million job ...
2007-08-24 08:18:00 -
Is Flood Insurance Right For You?
WHIO TV - She said in most cases mortgage companies require homeowners to have flood insurance if they are buying a home in a federally recognized flood plain. But, even people who live outside a flood plain can purchase flood insurance and extra coverage for ...
2007-08-24 08:33:00 -
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. We don't even have a license ...
2007-08-25 04:54:00 -
Fitch ups capital charges for mortgage insurers
Insurancetimes.co.uk - Fitch Ratings has increased its capital requirements for mortgage insurance (MI) companies following the US subprime collapse. It anticipates insurers will need to buy more reinsurance as a result. The rating agency also anticipates some mortgage ...
2007-08-24 01:16:00 -
No health insurance from First Magnus
Arizona Daily Star - First Magnus Financial Corp. canceled its health-insurance plan Friday, and some former employees may have a hard time getting any health insurance coverage as a result. An e-mail sent to employees said the Tucson-based mortgage lender canceled its ...
2007-08-25 06:56:00 -
Cagamas signs pact with Hong Kong Mortgage Corp
Sabah Daily Express - Ooi said the advantages of a mortgage insurance business were not limited to the banks but also extended to home buyers. "The benefits to the banks will also filter down to the home buyer who will be able to enjoy continued access to housing ...
2007-08-25 06:05:00 -
Should You Buy Flood Insurance? (22 WSBT South Bend)
(WSBT) Although Michigan and Indiana are classified as a "moderate" flood risk, local insurance agencies say it may be smart to buy flood insurance.
2007-08-24 05:43:44 -
Is Flood Insurance Right For You? (WHIO-TV 7 Dayton)
After all of the flooding in northern Ohio, insurance agents say nervous homeowners in the Miami Valley may want to consult with their local agent if they are interested in purchasing flood insurance.
2007-08-24 09:00:58 -
What is a reverse mortgage? (The Titusville Herald)
Brad Roae is a state representative from the Sixth District. Q. What is a reverse mortgage and why do people get them? A. Many senior citizens have most of their net worth tied up in their home.
2007-08-25 08:34:26 -
No health insurance from First Magnus (Arizona Daily Star)
First Magnus Financial Corp. canceled its health-insurance plan Friday, and some former employees may have a hard time getting any health insurance coverage as a result.
2007-08-25 07:09:34 -
Credit Unions a Haven in Mortgage Storm
Street.Com - For those pondering a new mortgage, a home-equity loan, a car loan or some other form of borrowing at an uncertain time like this, federal credit unions may offer a credible alternative. Consider this: While mortgage default rates are spiking at ...
2007-08-24 04:44:00 -
Fitch Rates $486MM RFMSI Mtge P-T Ctfs Series 2007-S8
Forbes - None of the mortgage loans were subject to the Home Ownership and Equity Protection Act of 1994. Furthermore, none of the ... if the law imposes greater restrictions or additional legal liability for residential mortgage loans with high interest rates ...
2007-08-24 07:07:00 -
New-home sales surge in West
Baltimore Sun - A surge in new-home sales on the West Coast helped offset a steep drop in the Northeast last month as sales nationwide ... conditions, reduced availability of mortgage credit as many lenders shuttered their doors and upward pressure on mortgage rates ...
2007-08-25 07:17:00