Mortgage and Financial News From 2007-10-22 Page 8

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• Stock Market Update - Mon Oct 22 14:30:01 EDT 2007

  Reuters - The insurance brokers industry (+4.0%) is pacing the sector's advance. The thrifts & mortgages industry (-.5%) is the main laggard after Lehman Brothers downgraded the mortgage finance sector to Negative from Neutral. Lehman believes that even after ...
  2007-10-22 11:40:00

• Facing up to the costs of long-term care

  CNN Money - You might be able to take out a reverse mortgage or sell your home. Two guidelines to help you decide whether you can afford long-term-care insurance: The National Association of Insurance Commissioners (NAIC) suggests that you spend no more than 7 ...
  2007-10-22 12:23:00

• PMI Group's 'AA' counterparty credit ratings placed on negative watch ...

  Forbes - MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has placed its 'AA' counterparty credit and financial strength ratings on PMI Mortgage Insurance Co on negative watch after the niche bond surety company said it had incurred ...
  2007-10-22 12:20:00

• The First American Corporation to Hold Third-Quarter Conference Call ...

  Forbes - Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information and First Advantage. With revenues of $8.5 billion in 2006, First American has approximately 2,100 offices throughout the United States and abroad. More ...
  2007-10-22 10:00:00

• Lehman Downgrades Finance Companies

  CNBC - Harting cut PMI to "underweight" from "overweight," and assigned "underweight" ratings to MGIC Investment Corp and Radian Group Inc, which also provide mortgage insurance. The analyst cut his price targets to $12 from $20 for Countrywide, to $12 from ...
  2007-10-22 10:28:00

• Frank Introduces Mortgage Legislation

  Forbes - Sheila Bair, chairman of the Federal Deposit Insurance Corp., has suggested that mortgage service companies consider doing broad conversions of adjustable-rate loans to fixed-rate loans if the borrowers were current on their payments and living in ...
  2007-10-22 02:17:00

• Paymentshield joins Paradigm GI panel (Money Marketing Online)

  Paradigm Mortgage Services has added Paymentshield to its general insurance panel. Paymentshield offers GI products including mortgage payment protection insurance, buildings and contents insurance, landlords B&C insurance and home and legal cover.
  2007-10-22 01:33:29

• NUMBERS & WEB SITES (New Orleans Times-Picayune)

  -- The Greater New Orleans Fair Housing Action Center, working with the National Fair Housing Alliance, has launched the Hurricane Relief Project to help Louisiana residents resolve hurricane-related mortgage and insurance difficulties.
  2007-10-21 11:26:37

• Eldercare Mutual Insurance Company, RRG Earns Financial Stability Rating(R) of A, Exceptional (Marketwire via Yahoo! Finance)

  Eldercare Mutual Insurance Company, RRG has earned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves ...
  2007-10-22 03:43:00

• Insurers Appear in the Clear (Risk & Insurance)

  It appears that insurance companies can wipe the mortgage-backed sweat off their brows.
  2007-10-22 08:02:38

• Regency Mortgage takes SIBFL tilt (Staten Island Advance)

  STATEN ISLAND, N.Y. -- Paul Quadrato threw TD passes to Nick Florio (35 yards) and Steve Scelvi (25), and Kevin Coughlin added a 10-yard TD run as the Regency Mortgage Cowboys downed the Call It A Wrap Lions 20-0 in a Staten Island Boys' Football League Senior Midget game yesterday.
  2007-10-22 04:10:16

• Hampton Man Pleads Guilty To Insurance Fraud (WMUR New Hampshire)

  CONCORD, N.H. -- A Hampton, N.H., man has pleaded guilty to orchestrating an insurance scam in an attempt to get money to pay for an injured tooth. Scott Baldwin, 47, pleaded guilty to one count of felony insurance fraud. He was ordered to pay a $2,000 fine and given a suspended jail sentence.
  2007-10-22 09:01:25

• Northeast Bancorp Announces 1st Quarter Earnings and Quarterly ...

  MSN MoneyCentral - We focused on leveraging our network of national lenders which proved invaluable by allowing us to offer competitive mortgage and commercial programs without compromising the balance sheet. This strategy has shown signs of success as evidenced by the ...
  2007-10-22 12:51:00

• Mortgage Lending Dives Again!

  Sky.com - Yesterday, in The Incredible Shrinking Mortgage Market , I warned that mortgage lenders have withdrawn over 6,400 different mortgage products in just three months. The global credit crunch has left mortgage lenders wary of taking on too much risk, so ...
  2007-10-17 05:58:00

• Strong crown to offset rising oil prices - Czech central bank chief

  Forbes - The paper also cited Tuma as saying that mortgage lenders in the Czech Republic are well financed from deposits or mortgage bonds. jana.mlcochova@thomson.com +420 222 191 108 jm1/jfr COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights ...
  2007-10-22 01:10:00

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