Finance
Latest Posts
Triad Guaranty Reports Net Loss of $31.8 Million in Third Quarter
Oct 27, 2007Triad Guaranty, Inc., a private mortgage insurer, said an increasing pace of mortgage defaults pushed the insurer into the red during the third quarter. The company reported a net loss of $31.8 million compared to $19.4 million in profits during the year-ago period, and “dramatically” increased reserves to account for paid claims and expected losses. From the press release:
-
Bank of America to Ditch Wholesale Lending
Oct 27, 2007 -
More than Subprime Resets: The Real Meaning of Two Waves
Oct 24, 2007 -
Merrill Lynch Sees Mortgage Woes Drive $2.31 Billion Loss in Third Quarter
Oct 24, 2007 -
Countrywide Commits to $16 Billion Home Preservation Program
Oct 23, 2007 -
Assured Guaranty Takes Mark-to-Market Hit; Says New Business at Record Levels
Oct 22, 2007 -
Report: Mortgage Industry Losses Could Exceed $240 Billion
Oct 22, 2007 -
New Bill Would Allow Borrowers to Raid Retirement Savings to Avoid Foreclosure
Oct 19, 2007
