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10/23/2008 News For:

Mortgages Insurance

Dodd says mortgages subject of ethics panel  Connecticut Sen. Christopher Dodd said Wednesday that he's awaiting the conclusion of a Senate ethics inquiry before releasing information to two mortgages he received from Countrywide Financial Corp.

'Under Water' Mortgages are Growing Threat to US  As the financial crisis continues to spread, nearly one in six U.S. homeowners are finding themselves owing more on their mortgages than her house was worth.

PRESS RELEASE:Fitch: Europe Investor FAQ On Aussie Mortgages  Fitch Ratings-London/Sydney/Brisbane-22 October 2008: Fitch Ratings will hold a teleconference today at 11:30 BST to answer frequently asked questions about Australian mortgage insurance.

Banks closely watching IndyMac program to rewrite mortgages with lower rates  Under the FDIC's orders, about 4,000 borrowers have been given more affordable mortgages.

Six Ways to Avoid Home Insurance Snafus  Homeowners who file frequent insurance claims, have bad credit or even call their insurer to dutifully report a broken window may be in for a rude awakening when the time comes to renew their policies.

Variable mortgages cheaper after rate cut  Variable mortgages have become a bit cheaper after the Bank of Canada cut its key lending rate by a quarter of a percentage point on Tuesday. The big winners are people who already hold variable products at a fixed discount to prime, the rate the banks offer their best customers.

Massachusetts Health Insurance Connector Authority Board Votes To Proceed With Minimum Coverage Standards  The Massachusetts Commonwealth Health Insurance Connector Authority board on Friday voted unanimously to proceed with new minimum standards for health coverage, but added exemptions for individuals, unions or employers who can prove that plans that have not been authorized by the state are comparable to the requirements, the Boston Globe reports.

The PMI Group, Inc. Announces Completed Sale of Australian Operations to QBE Insurance Group Limited   The PMI Group, Inc. today announced the completed sale of its Australian mortgage insurance subsidiary and related Australian holding company to QBE Insurance Group Limited . The aggregate sale price is U.S. $920 million, 80% payable in cash and 20% payable in the form of a note* issued by QBE.

Wachovia has $23.9 billion loss on writeoff, mortgages   Wachovia Corp reported a third-quarter loss of $23.9 billion on Wednesday, a record quarterly deficit for a banking company in the global credit crisis, underscoring the challenges Wells Fargo & Co faces when it acquires the big lender.

Mortgages Ltd. pact with Rightpath OK'd  Mortgages Ltd. pact with Rightpath OK'd.