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July 24, 2008 1:39:33 PM CDT


Stories related to: mortgage insurance

Stories

3 Stories

  • May 2008
    • Mortgage Deal Close in Senate

      Mortgage Deal Close in Senate

      A Senate committee is close to agreeing on expansion of a government insurance program for refinanced mortgages, the Wall Street Journal reports. Though ridden with partisan conflict as recently as a week ago, staff for Democrat Chris Dodd and Republican Richard Shelby said today the sides were nearing a compromise, and a vote to move the measure along could come in the next few hours. More »

      Tags

      mortgage   Chris Dodd   bailout   Senate Banking Committee   refinanced mortgages   mortgage insurance   Richard Shelby

  • March 2008
  • February 2008
    • AIG Posts $5.2B Loss on Writedown

      AIG Posts $5.2B Loss on Writedown

      Today's after-hours bad news from the credit-crunch front comes from insurer AIG, which reported a fourth-quarter loss of $5.29 billion after taking an $11 billion writedown on mortgage-related insurance contracts, the Wall Street Journal reports. The loss amounts to $2.08 per share; American International Group turned a profit of $1.31 in the fourth quarter of 2006. More »

      Tags

      credit crisis   writedowns   AIG   Martin Sullivan   American International Group   mortgage insurance

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