Mortgage and Financial News From 2007-10-18 Page 28
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DATA SNAP: UK Mortgage Borrowing Fell In September (The Forex Market)
LONDON (Dow Jones)--U.K. mortgage borrowing fell in September as tighter conditions in global credit markets and five earlier rate hikes by the Bank of England took their toll.
2007-10-18 01:59:12 -
FSA fines The Minel Group 10,500 stg for lifetime mortgage selling failures (Sharewatch)
LONDON (Thomson Financial) - The Financial Services Authority has fined privately-owned UK buy-to-let mortgage provider The Minel Group Ltd 10,500 stg for exposing consumers to the risk of being sold an unsuitable lifetime mortgage.
2007-10-18 03:02:02 -
FSA fines mortgage firm for lifetime mortgage selling failures (UK Financial Services Authority)
The Financial Services Authority (FSA) has fined The Minel Group Limited (Minel) £10,500 for exposing consumers to the risk of being sold an unsuitable equity release (lifetime) mortgage.
2007-10-18 04:36:35 -
A D&O Dilemma
CFO.com - Flashy settlements and harsh-worded rulings may rebuke corporate leaders, but they are unlikely to have an immediate impact on the price of the insurance that covers them. But continuing fallout from the subprime mortgage crisis could be another ...
2007-10-18 01:36:00 -
Dave Says
Nashville City Paper - If you do this you’ll reduce the amount of your mortgage, plus you’ll avoid having to pay Private Mortgage Insurance. Also, make sure that your monthly house payment will be no more than 25 percent of your take-home pay. In your case, that would ...
2007-10-17 10:01:00 -
Paulson: National System for Brokers Would Help Protect Homebuyers
Washington Post - ... put several strategies into play to ease the crisis, including encouraging lenders to help struggling homeowners avoid default, and proposing changes that would allow the Federal Housing Administration to back more homeowners with mortgage insurance ...
2007-10-16 07:58:00 -
Women urged not to use frozen eggs as insurance
Guardian Unlimited - But some healthy women pay to have their eggs frozen while in their 20s and 30s as an insurance policy, in case they have not ... commitment-phobic men, or have not found Mr Right, or they are part of a couple that needs two salaries to get a mortgage ...
2007-10-18 02:33:00 -
MGIC Posts First Loss, Predicts No Profit Next Year (Update7)
Bloomberg - Lenders often require homeowners to buy private mortgage insurance if they put down less than 20 percent in cash or if their credit rating is weak. The number of borrowers more than 60 days behind on privately insured loans jumped 30 ...
2007-10-17 12:14:00 -
PMI Group Withdraws Full Year Incurred Loss And Financial Guidance ...
RTT News - The company noted that the primary components of the loss are incurred losses in its US Mortgage Insurance Operations and a mark-to-market adjustment at unconsolidated subsidiary FGIC. The company said it currently expects total incurred losses for ...
2007-10-18 03:24:00 -
Mortgage payment just a start to figure how much house you can afford
Boston Globe - And that's without having a mortgage. I'm talking about the money we must set aside for homeowners, windstorm, and flood insurance premiums, the property tax bill, and homeowners' association dues. Throw in the electric bill and our monthly cost to ...
2007-10-18 12:25:00 -
News & Analysis : Business & Insurance Update
Street.Com - MGIC Investment ( MTG - Cramer's Take - Stockpickr ) plunged 11% after the mortgage insurer reported a big third-quarter loss and said it doesn't expect to return to profitability in the fourth quarter or 2008. The comments spurred a ratings ...
2007-10-17 09:51:00 -
Reverse Mortgage Loans Can Help Retirees with Income
The State Journal - Initial costs include appraisals, title searches, mortgage insurance lender premium and a lender loan fee, Goff said. Advocacy groups are working to get those initial costs reduced. "It's a very good product and I've seen it help a lot of people ...
2007-10-18 01:58:00 -
Nippon Life to Buy Japan Mortgage-Backed Debt for Higher Yields
Bloomberg - Oct. 18 (Bloomberg) -- Nippon Life Insurance Co., Japan's biggest life insurer, will allocate more than half of its 700 billion yen ($6 billion) in domestic bonds to residential mortgage-backed securities in the fiscal second half. The Tokyo-based ...
2007-10-17 11:20:00 -
The PMI Group, Inc. Announces Housing, Mortgage and Credit Market ...
Forbes - Mortgage Insurance Operations and a mark-to-market (or fair value) adjustment at its unconsolidated subsidiary FGIC. The Company's review of the September mortgage default data on its U.S. mortgage insurance portfolio indicates that credit performance ...
2007-10-18 03:09:00 -
Bill Aimed At Safeguarding Health Insurance Passed (ClickOnDetroit)
People buying their own health insurance coverage soon could get some increased consumer and price protections, according to supporters of legislation overwhelmingly approved Wednesday by a state House committee.
2007-10-17 05:38:52