Mortgage and Financial News From 2007-11-7 Page 7

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• UPDATE 2-Insurer AIG 3rd-qtr profit falls; misses view

  Reuters - AIG recorded losses in mortgage insurance and credit default swaps, but analysts said the losses were not as severe as those reported by other companies recently. Shares of AIG, the world's largest insurer by market value, fell to a new 12-month ...
  2007-11-06 03:59:00

• AIG Q3 Profit Declines On U.S. Residential Mortgage And Credit Market ...

  RTT News - 11/7/2007 6:54:44 PM American International Group, Inc. (AIG), a New York-based provider of insurance and financial services, on Wednesday said third quarter profit declined from the year-ago period hurt by U.S. residential mortgage and credit market ...
  2007-11-07 03:50:00

• Industrial Alliance Maintains its Momentum: Income and Sales up Again ...

  Groupe CNW - QUEBEC CITY, Nov. 7 /CNW Telbec/ - Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance" or "the ... The quality of the mortgage loans portfolio remains excellent, despite the default of a $1.7 million conventional mortgage ...
  2007-11-07 12:37:00

• Treasurys mixed despite mortgage worries

  CNN Money - NEW YORK (AP) -- Treasury prices closed mixed Wednesday as deepening fears about mortgage-linked assets spurred strong ... A credit default swap amounts to an insurance policy against a bond default. The costs of buying those contracts rose sharply ...
  2007-11-07 03:43:00

• Building hope in Brooklyn

  Baltimore Sun - Her monthly mortgage payment, which includes taxes and insurance, is $454, compared with the $685 rent she was paying in her last home in Annapolis. "I thought I had won the lottery," she said of being approved to purchase the home. "If it hadn't been ...
  2007-11-07 03:57:00

• Scottish Re 3Q net loss widens on subprime exposure

  CNBC - Related to the realized losses on investments, $95.3 million of the $102 million was recognized in connection with impairment charges for subprime and Alt-A residential mortgage securities, the company said. The Hamilton, Bermuda-based insurance ...
  2007-11-07 03:36:00

• UPDATE 2-WaMu debt protection costs surge on loan concerns

  Reuters - Last: NEW YORK, Nov 7 (Reuters) - Washington Mutual Inc (WM.N: Quote , Profile , Research ) debt insurance costs surged 62 percent on Wednesday after New York Attorney General Andrew Cuomo said he has concerns about mortgage loans that WaMu has sold ...
  2007-11-07 03:22:00

• Smart Buyers Purchase Two Types Of Title Insurance

  Insurance News Net - Dear Mr. Myers: I am purchasing my first home. My mortgage broker says I should purchase two different title-insurance policies. What do you think? Answer: Mortgage brokers are forbidden by law to "mark up" the title-insurance costs for their ...
  2007-11-07 01:20:00

• AIG quarterly net falls 27% as subprime crisis bites

  Marketwatch - SAN FRANCISCO (MarketWatch) -- American International Group reported a 27% drop in third-quarter net income late Wednesday as the subprime mortgage crisis pushed the insurance giant's results below Wall Street expectations. The company's shares fell ...
  2007-11-07 02:53:00

• American International Group posts 27 percent decline in Q3 profit

  MSN UK News - AIG's $872.3 billion (euro592.51 billion) -investment portfolio lost $864 million (euro586.88 million), its credit-swap portfolio lost $352 million (euro239.1 million) and its mortgage-insurance business lost $215 million (euro146.04 million). Those ...
  2007-11-07 02:46:00

• Losses in US housing market hit AIG results

  Financial Times - The company has business segments that offer mortgage originations and mortgage insurance. In addition, AIG has investments in mortgage-backed securities and credit-default protection it provides on collateralised debt obligations, or CDOs. AIG’s ...
  2007-11-07 05:38:00

• American International Group posts 27 percent decline in third-quarter ...

  International Herald Tribune - AIG's $872.3 billion (€592.51 billion) -investment portfolio lost $864 million (€586.88 million), its credit-swap portfolio lost $352 million (€239.1 million) and its mortgage-insurance business lost $215 million (€146.04 million). Those ...
  2007-11-07 02:53:00

• AIG Reports 27 Percent 3Q Drop

  Forbes - AIG's $872.3 billion-investment portfolio lost $864 million, its credit-swap portfolio lost $352 million and its mortgage-insurance business lost $215 million. Those declines dampened the insurer's net income, which fell to $3.09 billion, or $1.19 per ...
  2007-11-07 03:36:00

• AIG profit falls, misses view

  Reuters - Its mortgage insurance unit recorded an operating loss of $215 million, compared with a profit of $85 million a year earlier due to the deterioration of the U.S. housing market, it said. AIG, whose stock lost nearly one-quarter of its value in recent ...
  2007-11-07 02:46:00

• Senate passes bills aimed at fighting mortgage loan problems (Ironwood Daily Globe)

  LANSING (AP) -- The state Senate unanimously approved legislation Tuesday that supporters say could provide more accountability and responsibility in mortgage lending.
  2007-11-07 02:42:18

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