Mortgage and Financial News From 2007-11-8 Page 11

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• Industrial Alliance is Proud to Present the 2007 Toy Parade

  CNW Group - ... and Financial Services Inc. is a life and health insurance company that offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage ...
  2007-11-08 12:50:00

• AIG 3d Quarter Profit Down 27%; Vows Mortgage Exposure Under Control

  Stockhouse Canada - AIG 3d Quarter Profit Down 27%; Vows Mortgage Exposure Under Control 11/8/2007 10:08:00 AM ET Related symbols: AIG TW Insurance Journal Troubled residential mortgage and credit markets hurt American International Group Inc.'s third-quarter profit ...
  2007-11-08 07:21:00

• AIG drop leaves investors seeking Greenberg plan

  Reuters - It warned in a conference call on Thursday that revenue in some parts of the company, such as the mortgage insurance unit, probably would not improve in 2008. Analysts lowered their price targets for the company, and its shares fell $2.80 a share ...
  2007-11-08 01:26:00

• Bernanke Sees Slow Growth, Urges Congress to Act

  Washington Post - Bernanke said changes to the FHA program, which offers mortgage insurance and thus encourages lenders to make loans they might not otherwise approve, could help some people refinance their homes and avoid losing them to foreclosure. Bernanke has ...
  2007-11-08 08:11:00

• UPDATE 1-Federal GSE backstop may ease loan strain -Bernanke

  Reuters - For example, suppose that the GSEs were to pay their usual mortgage insurance credit fee to the federal government ... to take away the credit risk from the GSEs, then they could process these jumbo loans and sell them into the secondary market ...
  2007-11-08 09:58:00

• AIG: Mortgage guaranty pressured through 2008

  Marketwatch - The stock has been hit by concerns about the insurer's exposure to rising subprime-mortgage delinquencies and foreclosures. The company sells mortgage insurance; its investment portfolio is in subprime-related assets, its derivatives unit has ...
  2007-11-08 11:53:00

• Fed chief suggests GSE loan limits as high as 1 mln usd with ...

  CNBC - For example, suppose that the GSEs were to pay their usual mortgage insurance credit fee to the federal government, which enacted is guarantor -- so, to take away the credit risk from the GSEs, then they could process these jumbo loans and sell them ...
  2007-11-08 11:10:00

• Plan To Expand Health Insurance Clears Hurdle (WBAL-TV Baltimore)

  Maryland lawmakers are getting closer to approving a $600 million plan to expand health insurance to low-income residents after a Senate committee gave approval to the plan Wednesday.
  2007-11-08 05:51:23

• AIG 3d Quarter Profit Down 27%; Vows Mortgage Exposure Under Control (Insurance Journal)

  Troubled residential mortgage and credit markets hurt American International Group Inc.'s third-quarter profit. Net income fell 27 percent compared to the third quarter last year. The giant insurer re
  2007-11-08 06:29:30

• A.I.G. Takes a Hit of $1.95 Billion on Housing Investments (New York Times)

  The world?s largest insurance company, said that it wrote down nearly $2 billion due to mortgage investments in the third quarter and expected to write down an additional $550 million in the next quarter.
  2007-11-07 08:27:27

• Radian Group Declares Regular Dividend (AP via Yahoo! Finance)

  Radian Group Inc. declared a regular quarterly dividend of 2 cents per share. The credit risk management and mortgage insurance firm will pay the dividend on Dec. 18 to shareholders of record on Nov. 16.
  2007-11-08 10:44:36

• AIG: Mortgage guaranty to be under pressure through 2008 (Market Watch)

  SAN FRANCISCO (MarketWatch) -- American International Group Inc.'s mortgage-guaranty business will be pressured by housing-market weakness through 2008, Chief Executive Martin Sullivan said Thursday.
  2007-11-08 11:33:46

• RPT-HSBC to close US mortgage-backed securities desk

  Reuters UK - The decision to cease MBS trading comes after HSBC closed its U.S. subprime mortgage unit Decision One in September, and before that stopped buying subprime loans originated by other lenders, as the U.S. subprime housing crisis deepened. (Reporting by ...
  2007-11-08 09:08:00

• U.S. Economy Will Slow Down More, Bernanke Says

  NPR News - In recent months, the Federal Reserve and other banking agencies have issued statements calling on mortgage lenders and mortgage servicers to pursue prudent loan workouts.1 Our contacts with the mortgage industry suggest that servicers recently have ...
  2007-11-08 08:18:00

• HSBC to close U.S. mortgage-backed securities desk

  Washington Post - The other job cuts will be in Britain. The decision to cease MBS trading comes after HSBC closed its U.S. subprime mortgage unit Decision One in September, and before that stopped buying subprime loans originated by other lenders, as the U.S ...
  2007-11-08 10:34:00

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