Mortgage and Financial News From 2008-2-20 Page 2

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  • Mexico's Bank Assoc Forecasts 15%-20% Loan Growth In 2008 (The Forex Market)

    MEXICO CITY (Dow Jones)--The Association of Mexican Banks, or ABM, said Wednesday that it sees bank loans expanding between 15% and 20% this year, down from 24.1% in 2007, due to expectations of slower economic growth.
    2008-02-20 05:50:56

  • Remember Passport For Mexican Spring Break (WSB-TV 2 Atlanta)

    If you're flying to Mexico for spring break, the State Department wants to remind you to remember your passport.
    2008-02-20 07:11:35

  • Company of experts (Peter Switzer via Yahoo!7 Finance)

    It's times like these when share prices are sliding and interest rates are rising and expected to hit into house prices as well as sales, that I like to remind people of another way to make money. And it's got a better track record than so many other conventional investments. It's called a business of your own.
    2008-02-20 08:09:00

  • ROBERT POWELL: 'Divide And Conquer' Couples Best At Retirement Planning (Nasdaq)

    BOSTON (Dow Jones) -- If only the glass were half full. Alas, the retirement glass is only 39% full, according to a report published by the Boston College Center for Retirement Research.
    2008-02-20 10:02:48

  • Mortgage industry job help (San Francisco Chronicle)

    More than 100 laid-off workers from the mortgage industry packed into a Pleasant Hill classroom on Wednesday to hear advice about finding new jobs. In many cases, that may mean switching to new professions. "You are all here because your jobs are no longer...
    2008-02-20 10:05:22

  • ACA Capital wins respite from creditors

    Financial Times - ACA wrote insurance on about $69bn in corporate and mortgage debt securities, but its claims-paying base is only about $425m, filings show. The bond insurer said it would work with advisers from Blackstone, hired last December, to “finalise the ...
    2008-02-20 12:05:00

  • Ackman plan helps banks, tough on bond insurers

    Reuters - ... Reuters) - Hedge fund manager William Ackman, a vocal short seller of U.S. bond insurer stocks, has given New York insurance ... into backing collateralized debt obligations (CDOs) and asset backed bonds, two debt markets hammered by rising mortgage ...
    2008-02-20 03:54:00

  • Insure Everything?

    MSN MoneyCentral - Mortgage life insurance. This policy pays your mortgage in the event of your death. If you want your spouse to be able to pay off the mortgage after you shuffle off this mortal coil, plan for that when purchasing life insurance. There's no need for a ...
    2008-02-20 08:02:00

  • LandAmerica Announces Quarterly Dividend

    MSN MoneyCentral - ... results of operations and financial condition are susceptible to changes in mortgage interest rates and general economic conditions; (ii) changes to the participants in the secondary mortgage market could affect the demand for title insurance ...
    2008-02-20 01:38:00

  • Credit crisis turmoil claims new victims

    The Independent - Mortgage-related derivatives have collapsed in value, endangering the creditworthiness of insurance companies that guarantee all sorts of bonds, including the auction-rate bonds issued by municipalities. "It is a contagion, and though you would like ...
    2008-02-20 04:23:00

  • Wednesday's Financial Winners & Losers

    Street.Com - The Houston-based insurance and real estate information company attributed the lower results to the "sudden collapse" of the subprime mortgage market and a tightening of available credit. The latest results include charges of 72 cents a share related ...
    2008-02-20 02:00:00

  • PMI says to delay results due to FGIC

    Reuters - It said although fourth-quarter results for its U.S. mortgage insurance operations and international operations were complete, final results had to be obtained from FGIC. FGIC Corp, which has lost its top credit ratings, has told New York regulators ...
    2008-02-19 03:56:00

  • Ackman's bond insurer plan not best: NY regulator

    Reuters - Ackman submitted a plan that would split the healthy municipal bond insurance business from the structured finance insurance business, which has been hit by rising mortgage market losses over the past year. "That would mean a substantial downgrade to ...
    2008-02-20 03:47:00

  • USDA offers rural loans

    Daily Reflector - Other benefits of the program include no down payment and no monthly mortgage insurance. A one-time, 2 percent fee is due at closing, but it is usually financed into the loan, Hollis said. "The person may only have to come up with a standard closing ...
    2008-02-20 08:41:00

  • Homeowner Rethinks Mortgage Insurance

    Eyewitness News - Private mortgage insurance or "PMI" is generally required by banks for home buyers whose down payments on mortgages are less than 20 percent. However, federal law states that when the value of property has increased by 20 percent, the PMI is no ...
    2008-02-20 11:15:00

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