Mortgage and Financial News From 2008-1-26 Page 16

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  • Barack Obama challenged over 'slumlord' ties (Daily Telegraph)

    Democratic hopeful's claims of good judgment jeopardised by his relationship with a property tycoon donor who faces charges of corruption.
    2008-01-26 04:35:53

  • Crisis, what crisis? (News Of The World)

    CHANCELLOR Alistair Darling has rejected demands to set up a new financial watchdog to stop a repeat of the Northern Rock crisis.
    2008-01-26 05:27:01

  • Lower credit scores mean higher rates for mortgage borrowers

    East Valley Tribune - A score lower than 680 can now also raise a borrower’s mortgage insurance rate, Underwood said. With the added emphasis on scores, experts say it’s crucial for people to work on improving their credit rating. One of the most important steps is ...
    2008-01-24 03:58:00

  • Munich Re says subprime no problem -report

    Reuters - ... that Munich Re was not involved in the business that led to the Swiss reinsurer's 1.2 billion Swiss franc ($1.1 billion) write-down unveiled in November related to credit default swaps on mortgage-backed securities. Munich Re's primary insurance unit ...
    2008-01-26 04:14:00

  • Banks reject call to review CEOs' qualifications

    Financial Times - At very senior management levels, it is not about the chief executive personally having a piece of paper to be able to sell an insurance policy or a mortgage to a consumer." Many of the UK's top bank executives started their careers as chartered acc ...
    2008-01-26 09:58:00

  • Inquirer’s Democratic endorsement for president: Obama

    Philadelphia Daily News - On the economy, he proposes tax credits for working families and a mortgage credit to help lower-income homeowners. He proposes a national health insurance exchange to help individuals purchase coverage. He wants to do better than No Child Left ...
    2008-01-26 02:01:00

  • So Many Places to Live, but So Far Out of Reach

    New York Times - High insurance costs and the crash in the mortgage market nationwide have slowed sales here, whether people are moving out of town or opting to relocate to a different neighborhood. Thousands more damaged houses — probably 6,000 within the city ...
    2008-01-26 11:45:00

  • Where the tax savings are: Detailing deductions

    MSNBC - With the start of the new tax year, the hunt for tax-lowering deductions and credits is officially on. But new opportunities are scarcer this year. One makes mortgage insurance premiums deductible. But hold off on any celebration. It applies only to ...
    2008-01-22 03:53:00

  • Manulife could profit from suffering bond insurance industry ...

    Stockhouse Canada - Now, those traditional customers may be looking for other financial guarantors without the taint of toxic subprime mortgage insurance, he says. Does this represent an opportunity for a company like AAA-rated Manulife? We think it does. Desjardins has ...
    2008-01-26 04:57:00

  • Got the best quote? Don't be so sure

    Guardian Unlimited - Meanwhile, uSwitch , one of the better-known price comparison websites, has launched a mortgage comparison service. Research by the British Insurance Brokers' Association shows, however, that more than half the people who use such websites do not fully ...
    2008-01-26 03:34:00

  • S&P may cut MGIC on insurance loss forecast

    Reuters - Last: NEW YORK, Jan 24 (Reuters) - Standard & Poor's on Thursday said it may cut its ratings on MGIC Investment Corp (MTG.N: Quote , Profile , Research ) and its mortgage insurance arm, after the company warned it could pay up to $2 billion in ...
    2008-01-24 01:06:00

  • Wilbur Ross Above, Ambac Below - Forbes

    Wilbur Ross Above, Ambac BelowForbes, NY - 7 hours ago... continue to fund its mortgage business. (See: " Northern Rock Near Rock Bottom") Ambac has become a poster-child for the bond insurance industry and the ...
    2008-01-26 09:06:27

  • So Many Places to Live, but So Far Out of Reach - New York Times

    So Many Places to Live, but So Far Out of ReachNew York Times, United States - 7 hours agoHigh insurance costs and the crash in the mortgage market nationwide have slowed sales here, whether people are moving out of town or opting to relocate to ...
    2008-01-26 09:17:05

  • To Build Confidence, Try Better Bricks - New York Times

    To Build Confidence, Try Better BricksNew York Times, United States - 7 hours agoOne of these was the Federal Deposit Insurance Corporation, in 1933, but there were also a large number of others, especially the Securities and Exchange ...
    2008-01-26 09:17:40

  • Churches teach Christian approach to finances - Philadelphia Inquirer

    Churches teach Christian approach to financesPhiladelphia Inquirer, PA - 7 hours agoRamsey says the average participant pays off $5300 in debt and saves $2700 within three months, and within two years has no debt beyond a mortgage, ...
    2008-01-26 09:21:56

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