Mortgage and Financial News From 2008-2-1 Page 13

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  • Bankrupt Scotland: insolvency figures soar 15% (The Herald)

    Personal bankruptcies rose by almost 15% in Scotland last year according to the latest official figures, and experts warn the situation will worsen when Scottish insolvency laws are relaxed.
    2008-02-01 04:12:53
  • ‘Soft’ option debt scheme falls out of favour as lenders take hard line (The Herald)

    They were considered a softer option for people facing unsurmountable debts and a step short of outright bankruptcy.
    2008-02-01 04:13:34
  • Wealth Check: 'How can I safeguard my pension against the markets?' (Independent)

    Jennie Hill, 26, is a trainee clinical psychologist for the NHS in London. Worried about the value of her pension in light of current stock market concerns, Jennie's primary financial aim is a safe long-term investment.
    2008-02-01 04:20:25
  • How to get a good deal on your mortgage (Independent)

    Making sense of the mortgage market has been even more confusing than usual over the past few months, as the credit crunch has seen lenders altering their rates and lending policies almost every week.
    2008-02-01 04:21:45
  • Senior health fair well attended, well received (The Record-Courier)

    About 300 people wandered through the Carson Valley Inn's Shannon Ballroom at the Douglas County Senior Center's ninth annual senior fair on Wednesday, and wandered out with goodie bags filled with samples and information from the 40 businesses that attended.
    2008-02-01 05:21:05
  • O STREET: Scandal? Why it won't get me to leave Detroit (Detroit Free Press)

    Oneita Big Mouth has a word for people who diss her city.
    2008-02-01 06:25:03
  • Moody's to Complete Review of Bond Insurers By Late February

    Bloomberg - Moody's said it is revising its view of the bond insurance industry after increasing its prediction for losses on subprime mortgage securities. The ratings company won't wait to finish the industry assessment before downgrading. ``We are ...
    2008-02-01 07:56:00
  • U.S. Stocks Rise on Yahoo Bid, Bond-Insurer Plan, Manufacturing

    Bloomberg - New York Insurance Superintendent Eric Dinallo is trying to organize a bank-led rescue of Ambac after mortgage-related losses cost the bond insurer its AAA credit grade from Fitch Ratings, according to two people briefed on the plan. Ambac spokesman ...
    2008-02-01 02:58:00
  • UPDATE 4-Banks join to rescue bond insurer Ambac -- source

    Forbes - Bond insurers are writing down their exposure, but so are banks -- Standard & Poor's Wednesday estimated total banking industry losses tied to mortgage problems would exceed $265 billion. Regulators including New York Insurance Commissioner Eric ...
    2008-02-01 02:08:00
  • D. Dean Mason Named Chief Executive Officer of HSA Bank

    Forbes - With $17.2 billion in assets, Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through 181 banking offices, 343 ATMs, telephone banking and the Internet. Webster Bank owns the ...
    2008-02-01 04:57:00
  • Treasurys higher after Jan. job losses

    Seattle Post Intelligencer - For months, the job market appeared to be holding up although real estate, Wall Street and the mortgage industry were in trouble. But last month's job losses suggest this pillar of the economy may also be losing strength. The benchmark 10-year ...
    2008-02-01 11:38:00
  • AIG United Guaranty wins international award

    Greensboro Business Journal - AIG United Guaranty Spain received the prestigious Metro2 Housing Finance award for its contributions to the Spanish mortgage market. The award was given in recognition of AIG United Guaranty's work in the country as a mortgage insurance specialist ...
    2008-02-01 10:55:00
  • US SEC subprime probe moving vigorously - enforcer

    Forbes - MBIA Inc (nyse: MBE - news - people ), the world's largest bond insurer, has said it is cooperating with informal inquiries by the SEC and the New York State insurance department into disclosures by the company related to mortgage ...
    2008-02-01 02:30:00
  • BestWeek: When Fantasy Meets Grim Reality, Filmmakers Turn to ...

    Forbes - Policyholders may be resorting to arson in order to collect insurance payments and get out from under ballooning subprime mortgage payments. And in both editions of BestWeek: The Best's Global Insurance Composite Index finished the week of January ...
    2008-02-01 10:55:00
  • RBS and Barclays join banks in $15bn bond insurer bailout plan

    Times Online - Royal Bank of Scotland and Barclays have joined forces with six other banks to work on a $15 billion (£7.6 billion) rescue plan for the struggling mortgage bond insurance industry. The consortium will focus on Ambac, America’s second-biggest ...
    2008-02-01 03:20:00