Mortgage and Financial News From 2008-3-5 Page 5

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  • Fannie, Freddie agree to new appraisal standards

    CNBC - Sheila Bair, chair of the Federal Deposit Insurance Corp., said she welcomes the move and that the mortgage industry will have an open window of time to comment on the proposal before it is implemented.
    2008-03-03 02:14:00

  • Credit crunch: One in five Britons paralysed by mortgage repayment ...

    Daily Mail - And, on average, their bills, such as their mortgage, insurance, council tax and utility bills, come to a staggering £14,800 a year. This means a typical family spends more than £40 every day before even getting out of bed.
    2008-03-02 03:56:00

  • How to save your home

    News.com.au - Lender's mortgage insurance - which you generally have to take out if your deposit is less than 20 per cent - protects the lender, not the borrower.
    2008-03-04 01:20:00

  • UPDATE 1-Mortgage insurer MGIC plans share offering

    Reuters - NEW YORK, March 3 (Reuters) - MGIC Investment Corp (MTG.N: Quote , Profile , Research ), the largest U.S. mortgage insurer, said on Monday it plans to sell shares to help increase capital at its main subsidiary Mortgage Guaranty Insurance Co. The ...
    2008-03-02 03:56:00

  • MGIC Files Registration Statement for Common Stock Offering

    Forbes - The proceeds of the offering will be used to increase the capital of Mortgage Guaranty Insurance Company, MGIC's principal insurance subsidiary, in order to enable it to expand the volume of its new business and for MGIC's general corporate purposes.
    2008-03-02 03:56:00

  • PMI to file late annual report, sees big loss coming

    MSN MoneyCentral - Mortgage insurance company PMI Group Inc. won't file its annual financial report on time because it lacks needed information from FGIC Corp., a company in which it has invested. Walnut Creek-based PMI (NYSE: PMI) plans to file its annual report on ...
    2008-03-03 03:12:00

  • Q&A: How mortgage grading system would work

    Financial Times - Who would the kitemark attract?  UK mortgage lenders who are short of finance would be interested as the kitemark might help reopen wholesale markets for mortgage assets. The hope is that stable investors, such as insurance companies and pension ...
    2008-03-05 05:40:00

  • Ambac raising at least $1.5 bln of new capital (KPLC Lake Charles)

    NEW YORK (Reuters) - Bond insurer Ambac Financial Group Inc (ABK.N) said on Wednesday it was selling at least $1.5 billion of stock and convertible securities to help boost capital levels at...
    2008-03-05 06:03:16

  • Reuters Business Summary (Reuters via Yahoo! Malaysia News)

    Stocks jump on data, commodities; Thornburg sinks
    2008-03-05 06:15:59

  • Assurances From Citigroup, but Skepticism on Wall Street (NYTimes.com via Yahoo! Finance)

    Investors and analysts have urged a breakup of Citigroup, saying the company has become too unwieldy to be managed effectively.
    2008-03-05 06:39:01

  • Ambac Plan Disappoints Investors (NYTimes.com via Yahoo! Finance)

    The bond insurer announced plans to sell $1.5 billion of common stock and equity units to shore up its capital base. Investors had been expecting a bigger bank-led bailout plan.
    2008-03-05 06:39:02

  • Telecommunications tops Oregon complaint list, again (KATU Portland)

    Telephone and cable companies were the top targets for consumer complaints in Oregon last year. The surprise was the arrival of international money transfer schemes, appearing on the list for the first time and making it all the way to No. 3.
    2008-03-05 06:51:38

  • Some Borrowers Hit New Snag In Refinancing (WallStreet Journal via Yahoo! Finance)

    In the latest sign of how the credit crunch is hurting even borrowers with good credit, some home-equity lenders are starting to slam the door on homeowners who want to refinance their primary mortgages.
    2008-03-05 07:06:15

  • Ambac Disappoints Market With a Plan to Raise Cash (New York Times)

    A bid to bolster the Ambac Financial Group, the troubled bond insurance company, fell flat on Wednesday, sending the company?s stock tumbling.
    2008-03-05 07:39:11

  • Repossessions of homes rise

    Oldham Advertiser - ALMOST 1,350 families lost their homes in our borough last year, as the world-wide debt crisis continues to tighten its grip. Mortgage lenders filed 14 per cent more – or 166 – repossession claims at Oldham County Court in 2007, than the year ...
    2008-03-05 08:43:00

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