Mortgage and Financial News From 2007-10-25 Page 18

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• Food bank wants its store front to POP

  Record Searchlight - About 75 percent of its $300,000 annual operating budget comes from its thrift store sales and donations, Brown said. The money helps pay the mortgage, insurance and utilities. Money to buy food and pay its two full-time employees, one of whom is ...
  2007-10-25 05:24:00

• Stocks to Open Higher

  BusinessWeek - The company repeated that it expects earnings to come in on the low end of their predicted range, because the downturn in the U.S. mortgage market hurt its lending businesses. Weakness in its insurance segment also hurt earnings guidance. Aetna ( AET ...
  2007-10-25 07:04:00

• Countrywide joins foe to help borrowers

  CNN Money - My payment was $2,200 with taxes and insurance at 11 percent. It will be $1,368 at 6 percent." "You don't have to have an unaffordable mortgage to benefit," explained NACA's underwriting director, Pam Brooks. "You can have an affordable mortgage but ...
  2007-10-25 07:26:00

• Consumers revolt against debt insurance mis-selling

  Reuters UK - ... com said 70,000 people had downloaded template letters in the past two months to try to reclaim costs associated with payment protection insurance (PPI). The policies are designed to cover the repayment of loan, credit card or mortgage debt if people ...
  2007-10-24 11:55:00

• Zions Bank Ranks as Top SBA Lender in Southern and Eastern Idaho for ...

  CNBC - In addition to a wide range of traditional banking services, Zions offers a comprehensive array of investment, mortgage, and insurance services, and has a network of loan origination offices for small businesses nationwide. The company is also a ...
  2007-10-25 06:57:00

• Don't Get Burned By Insurers

  CBS News - When you receive the first check from the insurance company, do not deposit it or send it to your mortgage company until you have carefully reviewed the adjustor's report and agreed with all items and costs. Look for things such as missing items ...
  2007-10-25 06:50:00

• S&P ponders downgrade for PMI

  New Zealand Herald - Standard & Poor's may downgrade the ratings on five New Zealand and 202 Australian residential mortgage-backed securities over concerns for an Australian mortgage insurance firm which relies on a high degree of support from its US parent company. S&P ...
  2007-10-25 02:04:00

• Triad Guaranty Tumbles After Reporting Loss on Housing Slump

  Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... Oct. 25 (Bloomberg) -- Triad Guaranty Inc., the mortgage insurer that lost more than half its market value last week ...
  2007-10-25 07:33:00

• CMHC eases down payment rules for properties

  Ottawa Citizen - CMHC has decided it is going to let Canadians buy investment properties with no down payment. The Crown corporation, which controls about 70% of the mortgage insurance market in Canada, has quietly introduced changes that lower the down-payment ...
  2007-10-25 05:46:00

• Old Republic 3Q net drops 76%; insurance co. cites difficult housing ...

  Forbes - The insurance provider cited the difficulties in the housing and mortgage markets for the miss, saying its mortgage guarantee and title lines suffered significant reductions in underwriting profitability. Revenue rose 6.6% to $1.03 billion from $962.6 ...
  2007-10-25 07:33:00

• Old Republic 3rd-quarter earnings fall to $29 million in losses in ...

  CNBC - CHICAGO - Insurance provider Old Republic International Corp. said Thursday net income plummeted 75 percent due to operating losses in the company's mortgage guaranty and title insurance businesses. Net income fell to $29.2 million, or 12 cents per ...
  2007-10-25 06:50:00

• PMI Mortgage's negative watch has no impact on European RMBS ...

  Forbes - MUMBAI (Thomson Financial) - Standard & Poor's Rating Services said the placing of PMI Mortgage Insurance Ltd's ratings on negative credit watch doesn't have any rating implications for European RMBS (residential mortgage-backed securities ...
  2007-10-25 06:43:00

• Kentucky National Insurance Company Earns Financial Stability Rating(R) of A, Exceptional (Marketwire via Yahoo! Finance)

  Kentucky National Insurance Company has earned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and ...
  2007-10-25 03:43:00

• Life Insurance Settlement Association Opens Its Largest Professional Conference to Date (Marketwire via Yahoo! Finance)

  The Life Insurance Settlement Association (LISA) kicks off this weekend in New York City, what promises to be its largest conference ever. The LISA 13th Annual Fall Conference begins this Sunday with a reception welcoming more than 500 registered attendees.
  2007-10-25 07:37:00

• Consumers revolt against debt insurance (Reuters.co.uk)

  LONDON (Reuters) - Thousands of borrowers are poised to challenge lenders over debt insurance, in what has been hailed a new consumer revolution against mis-selling and "unfair" charges.
  2007-10-24 11:40:50

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