Mortgage and Financial News From 2008-3-17 Page 6

RSS Feed

Previous Day: 2008-03-16

Return to the mortgage news archive home.

  • Credit Default Swaps: The Next Crisis?

    Time - They typically apply to municipal bonds, corporate debt and mortgage securities and are sold by banks, hedge funds and others. The buyer of the credit default insurance pays premiums over a period of time in return for peace of mind, knowing that ...
    2008-03-17 04:09:00
  • Apt rental brightens dim US commercial real estate

    Reuters - ... or not able to buy homes, there's been an overall increase in the (apartment rental) sector," said Susan Smith, editor-in-chief of the study, which surveys 125 real estate investors and specialists from pension funds, mortgage bankers and insurance ...
    2008-03-17 01:18:00
  • Sponsored by:

    Marketwatch - , , ) said it will take a $26.7 million noncash write-down related to its sub-prime mortgage holdings in 2007. The health insurance and managed care company said the impairment was already reflected as an unrealized loss in the preliminary balance ...
    2008-03-17 03:19:00
  • Dodd Says Bernanke, Paulson May Back Foreclosure Plan (Update2)

    Bloomberg - Congressional Democrats and the Bush administration have clashed over the government's role in stabilizing credit markets in the wake of the subprime-mortgage crisis.
    2008-03-17 03:48:00
  • PMI cuts dividend on losses; shares at 13-year low

    Contra Costa Times - PMI lost $236 million in the quarter on its U.S. mortgage insurance business, it said, confirming its March 3 forecast, after making a profit of $77 million a year earlier.
    2008-03-17 04:31:00
  • PMI posts $1 billion quarterly loss

    Reuters - Loss from its investment in FGIC was $776.1 million, while that from the U.S. mortgage insurance business was $236.0 million. The company, which partly owns bond insurer FGIC, had earlier warned of a substantial quarterly loss in its financial ...
    2008-03-17 03:31:00
  • PMI Group suffers $1 billion quarterly loss, largely blames FGIC ...

    Stockhouse Canada - But PMI said it also lost $236 million during the fourth quarter in its U.S. mortgage insurance operations, 'as a result of the significant deterioration of the U.S. housing, mortgage and capital markets.
    2008-03-17 02:36:00
  • PMI Group posts $1B Q4 loss

    San Jose Business Journal - Mortgage insurer PMI Group Inc. reported a record fourth-quarter loss due to a huge loss from its investment in the bond insurer FGIC Corp. and losses in its mortgage insurance and mortgage reinsurance lines.
    2008-03-17 01:18:00
  • Can you insure against higher mortgage rates?

    Times Online - BORROWERS will be able to insure their mortgages against interest-rate rises from next month after Alistair Darling pledged support for the new type of cover in last week’s budget. The chancellor hopes the insurance, which pays out a lump sum if ...
    2008-03-15 05:02:00
  • Senate passes major bills offering mortgage relief

    Baltimore Sun - Besides eliminating the phantom income tax for three years, the Senate's debt relief bill also extends the tax deductibility of private and FHA mortgage insurance premiums through 2010.
    2008-03-16 08:47:00
  • In addition to mortgage interest what is deductible when purchasing a ...

    Oregonian - My husband and I bought a home in 2007 and took out a mortgage with no points. Can we deduct any settlement costs besides mortgage interest on our taxes? Answer: Kathleen - If you paid any Mortgage Insurance Premiums during 2007 for qualified ...
    2008-03-17 12:35:00
  • NZ govt accounts understated in Jan due to tax error (Reuters Finance News, New Zealand via Yahoo!7 Finance)

    WELLINGTON, March 18 (Reuters) - The New Zealand government posted an operating surplus and not a deficit as originally advised because of a mistake in tax data, government officials said on Tuesday.
    2008-03-17 03:34:21
  • Morgan Keegan Taps Public Finance Veteran Gray to Support Efforts in Southeast Region (Finanzen.net)

    Morgan Keegan & Company, Inc. announced that veteran public finance investment banker David H. Gray has joined the firm as a managing director in the firm’s Atlanta investment banking office. Prior to joining Morgan Keegan, Gray was ...
    2008-03-17 03:54:54
  • STOCKS NEWS ASIA-Credit worries linger; eyes on Fed (Reuters Finance News, Australia via Yahoo!7 Finance)

    SYDNEY, March 18 (Reuters) - Asian shares are set for a lacklustre start on Tuesday, as persistent concerns about a deepening credit crisis weigh on sentiment and caution rules ahead of the U.S. Federal Reserve's rate setting meeting.
    2008-03-17 04:07:22
  • Excerpt: 'Why Women Should Rule the World' (NPR)

    As women have played an increasingly important role in politics, there is no question that they've brought a different perspective, focusing attention on a broader set of issues and building alliances with other women.
    2008-03-17 04:08:12