Insurance
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Guaranty Bank Takes $1.45bn Impairment from MBS Write-Downs
Aug 03, 2009Guaranty Bank, subsidiary of Guaranty Financial Group [stock GFG][/stock], is in discussions with regulators after recently taking a $1.45bn impairment charge from write-downs on non-agency mortgage-backed securities (MBS). Guaranty wrote down the non-agency MBS to an estimated fair value in an amended thrift financial report. The report also included an adjustment to write off goodwill in the amount of $106.6m.
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MGIC Delays Capital Contribution to New Business Unit
Aug 03, 2009 -
Genworth’s MI Segment Loses $134m
Jul 31, 2009 -
Fidelity Profits Soar on Title Insurance Boom
Jul 30, 2009 -
Appraisal, Default Services Push First Am’s Profits
Jul 30, 2009 -
OCC Sees Banks Tighten Underwriting Standards
Jul 22, 2009 -
Mortgage Insurance Losses Narrow to $1.9bn
Jul 14, 2009 -
Title, Settlement Services Target Online Transactions
Jun 08, 2009 -
Underwriting Solution Measures Collateral Risk
Jun 05, 2009
