Mortgage and Financial News From 2008-2-4 Page 53

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  • Virgin consortium submits Northern Rock rescue proposal (The Forex Market)

    - A consortium led by Sir Richard Branson's Virgin Group today confirmed that it has submitted a rescue plan for Northern Rock, under which the stricken mortgage lender would be relaunched under the name Virgin Bank.]
    2008-02-04 09:28:24

  • Olivant abandons Northern Rock rescue plan UPDATE (The Forex Market)

    LONDON (Thomson Financial) - Buyout firm Olivant Advisers said it won't submit a rescue proposal for stricken mortgage lender Northern Rock as it was unable to put together a plan that met its own investment criteria.
    2008-02-04 09:28:54

  • Inquiry Into City Business To Be Unsealed (WJXT Jacksonville)

    JACKSONVILLE, Fla. -- A grand jury investigation into possible favoritism and illegal closed-door meetings among city officials that was completed last month is set to be unsealed Tuesday afternoon.
    2008-02-04 10:17:17

  • Rate rise casts pall on local trade

    The Australian - Analysts also pointed to threats by Moody's Investor Services to downgrade insurer PMI, which oversees 45 per cent of mortgage insurance in Australia on properties worth $83 billion, as one factor in the sell-off of the big banks. Talk about the ...
    2008-02-04 05:51:00

  • Speaker to address MPs' expenses

    BBC UK News - As a result of the advice given to us, we paid off the mortgage on the flat with the proceeds of a small legacy and an insurance policy which had just matured," their statement said. They were then advised to put the flat into a trust, administered ...
    2008-02-04 06:55:00

  • The New York Times Neediest Cases Fund Launches a Special Program for ...

    Forbes - ... today the creation of a special program, to which it will contribute $1 million, to help victims of the subprime mortgage ... Fund program was devoted to providing medical care for 9/11 survivors with life-threatening disease and no health insurance ...
    2008-02-04 07:31:00

  • Treasurys Off; Investor Confidence Grows

    Forbes - Throughout most of January, investors were anxious about a faltering economy and the continuing fallout from the bond insurance and subprime mortgage crises. These worries fueled an unusually strong Treasury market rally, as investors usually opt for ...
    2008-02-04 09:11:00

  • Moody's places PMI on notice

    The Australian - PMI is one of the largest mortgage insurance companies in Australia. Moody's move on PMI could create further unease in the local market, with one bank saying that if PMI was downgraded, it could have funding costs implications for the broader ...
    2008-02-04 05:51:00

  • Mortgage Crisis Could Ignite Arson Uptick

    Insurance News Net - The insurance industry is on notice: Beware the possibility that a policyholder may resort to arson in order to collect insurance payments and get out from under ballooning subprime mortgage payments. "Anytime the economy turns south, and after these ...
    2008-02-04 09:33:00

  • ICBC reserves 30 percent cover for subprime assets - Insurance News Net (press release)

    ICBC reserves 30 percent cover for subprime assetsInsurance News Net (press release), PA - 1 hour agoIn its third quarter report, the ICBC said it held subprime mortgage bonds of 1.228 billion US dollars, for which it had allocated 429 million yuan (about ...
    2008-02-04 08:32:39

  • ComplianceEase Standardizes on Fujitsu to Improve Reliability of ... - Insurance News Net (press release)

    ComplianceEase Standardizes on Fujitsu to Improve Reliability of ...Insurance News Net (press release), PA - 1 hour agoHeadquartered in the San Francisco Bay Area, ComplianceEase serves the mortgage industry with a patented, web-based automated solution that uses advanced ...
    2008-02-04 08:33:41

  • French Minister Says Controls Failed - Insurance News Net (press release)

    French Minister Says Controls FailedInsurance News Net (press release), PA - 1 hour agoThe bank was already suffering from the crisis in US subprime mortgage markets. Societe Generale's shares, which have fluctuated wildly, were trading down ...
    2008-02-04 08:34:21

  • China Bank Sets Aside Subprime Reserves - Insurance News Net (press release)

    China Bank Sets Aside Subprime ReservesInsurance News Net (press release), PA - 1 hour agoBank of China and ICBC are believed to have China's largest holdings of subprime mortgage debt. ICBC said earlier it holds $1.2 billion in subprime bonds, ...
    2008-02-04 08:34:23

  • A bond insurer bailout is likely to put policyholders interests ... - GuruFocus.com

    A bond insurer bailout is likely to put policyholders interests ...GuruFocus.com, TX - 1 hour ago(Tom Gayner 4Q 2008 Markel Corporation conference call) Gayner’s comment on the “political issues” would likely refer to Insurance regulators interest in ...
    2008-02-04 08:40:10

  • Speaker calls for transparency on MPs allowances - PinkNews.co.uk

    Speaker calls for transparency on MPs allowancesPinkNews.co.uk, UK - 1 hour ago"As a result of the advice given to us, we paid off the mortgage on the flat with the proceeds of a small legacy and an insurance policy which had just ...
    2008-02-04 08:40:12

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