Mortgage and Financial News From 2008-1-21 Page 10

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• Has Brown put politics before economics?

  Daily Telegraph - When Virgin previously entered the personal finance market they did so with a range of cheap, simple investment and insurance schemes. They also threatened to revolutionise the mortgage market with a new home loan that combined a current account with ...
  2008-01-21 05:34:00

• Schatz Nobel Izard P.C. Announces Class Action Lawsuit Against MBIA ...

  MSN MoneyCentral - Specifically, Defendants misrepresented and/or failed to disclose the true extent of MBIA's exposure to losses stemming from MBIA's insurance of residential mortgage backed securities ("RMBS"). This exposure was finally disclosed in a series of ...
  2008-01-21 03:47:00

• ACA wins more time from trading partners

  Financial Times - ACA wrote insurance on about $69bn in corporate and mortgage debt securities, but its claims-paying base is only about $425m. Investment banks have already written off billions of dollars in securities they insured with the company, and analysts are ...
  2008-01-21 06:46:00

• First American placed on negative ratings watch

  MSN MoneyCentral - Fitch Ratings placed The First American Corp. on negative ratings watch Friday after seeing the company's pre-announced fourth-quarter earnings. Fitch said the company's title insurance segment would be negatively impacted by the mortgage industry's ...
  2008-01-21 02:14:00

• Has Brown put politics before economics? - Telegraph.co.uk

  Has Brown put politics before economics?Telegraph.co.uk, United Kingdom - 4 hours ago... simple investment and insurance schemes. They also threatened to revolutionise the mortgage market with a new home loan that combined a current account ...
  2008-01-21 04:10:38

• Stocks collapse as global rout continues - South China Morning Post (subscription)

  Stocks collapse as global rout continuesSouth China Morning Post (subscription), Hong Kong - 2 hours agoThe index has shed about 17 per cent just this month alone as fears deepened that the US subprime mortgage crisis would drag global financial markets lower. ...
  2008-01-21 06:48:14

• ACA wins more time from trading partners - MSNBC

  ACA wins more time from trading partnersMSNBC - 1 hour agoACA wrote insurance on about $69bn in corporate and mortgage debt securities, but its claims-paying base is only about $425m. Investment banks have already ...
  2008-01-21 07:15:49

• SC Debate: Clinton Outperforms Rivals In Economy; Obama Gets ... - AHN

  SC Debate: Clinton Outperforms Rivals In Economy; Obama Gets ...AHN - 1 hour agoHe called for modernizing unemployment insurance laws "to make them available to more Americans," and curbing the mortgage crisis by establishing a home ...
  2008-01-21 07:38:37

• Treasuries Rise Most in Six Weeks as Global Stocks Extend Slump - Bloomberg

  Treasuries Rise Most in Six Weeks as Global Stocks Extend SlumpBloomberg - 49 minutes ago``Bonds are a safe harbor,'' said Satoshi Okumoto, who helps oversee the equivalent of $50.4 billion in Tokyo at Fukoku Mutual Life Insurance Co. ...
  2008-01-21 08:08:26

• Markets Plunge Around The World - Free Internet Press

  Markets Plunge Around The WorldFree Internet Press, NY - 31 minutes agoFor example, the Bank of China is now forecast to record a multibillion-dollar loss on US mortgage investments. Companies that insure bonds are incurring ...
  2008-01-21 08:26:31

• Threat of US recession panics global stock markets - World Socialist Web Site

  Threat of US recession panics global stock marketsWorld Socialist Web Site, MI - 11 minutes agoIndustrial stocks fell together with financial, suggesting that the US credit crisis, hitherto confined mainly to the banking and mortgage sectors, ...
  2008-01-21 08:46:02

• Britain: “Liar loans” drive hundreds of thousands into debt - World Socialist Web Site

  Britain: “Liar loans” drive hundreds of thousands into debtWorld Socialist Web Site, MI - 11 minutes agoThe state-run income support mortgage interest scheme and private mortgage payment protection insurance (MPPI) policies (held by one quarter of homeowners) ...
  2008-01-21 08:46:13

• Sportsboard (yorkregion.com)

  Sports
  2008-01-21 04:36:48

• Clinton, Obama Clash Over Records, Votes in Debate (Update1) (Bloomberg.com)

  Jan. 21 (Bloomberg) -- Democratic rivals Hillary Clinton and Barack Obama clashed over their past actions as lawyers, their votes as lawmakers and whether each was misrepresenting the other's views in a South Carolina presidential primary debate.
  2008-01-21 07:21:58

• Treasuries Rise Most in Six Weeks as Global Stocks Extend Slump (Bloomberg.com)

  Jan. 22 (Bloomberg) -- Treasury notes rose the most in six weeks as plunging global stocks drove investors to the relative safety of government debt.
  2008-01-21 08:21:45

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