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MBIA’s Profit Narrows to Less Than $900m
Aug 06, 2009[UPDATE 1: clarifies loan loss reserves, claims] MBIA’s [stock MBI][/stock] Q209 profit of $894.7m ($4.30 per share) is down 47% from its year-ago period profit of $1.7bn. But the Armonk, NY-based monoline hasn’t written any new business during the first half of the year and the quarter’s recorded profits came in large part from decreases to its loan loss reserves MBIA was able to make after absolving itself of an estimated $1.1bn in obligations from defaulted second-lien mortgages it said should have never been securitized to begin with.
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Servicers Initiate 230,000 HAMP Trials, Says Treasury
Aug 04, 2009 -
JD Power Finds 56% of Home Buyers are First-Timers
Jul 31, 2009 -
Appraisal, Default Services Push First Am’s Profits
Jul 30, 2009 -
IRS Opens Investigations on Homebuyer Tax Credit Abuse
Jul 29, 2009 -
Chase Brings on 250 to Servicing Center
Jul 27, 2009 -
US RMBS Trading Boosts Credit Suisse
Jul 24, 2009 -
The Hooters Waitress Who Makes $25,000 a Month
Jul 22, 2009 -
Two More Servicers Sign up for Treasury’s HAMP
Jul 17, 2009 -
WFC Brings Suit Against WFC
Jul 17, 2009 -
Bill Targets FHA Delinquencies, Warehouse Credit
Jul 15, 2009
