Mortgage and Financial News From 2007-12-13 Page 7

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• Quest Commences Operations as a Mortgage Investment Corporation and ...

  Market Wire - Quest will commence operating as a Mortgage Investment Corporation ("MIC") as defined under Section 130.1 of the Income Tax ... Buchan for the valuable strategic advice that he has provided the Company. We have enjoyed working with him both ...
  2007-12-13 02:17:00

• Lehman Profit Beats Estimates After Limiting Mortgage Losses

  Bloomberg - Lehman Profit Beats Estimates After Limiting Mortgage Losses By Yalman Onaran Dec. 13 (Bloomberg) -- Lehman Brothers Holdings ... Takeover Advice Lehman advised on 45 takeovers in the fourth quarter valued at $296.3 billion, more than three ...
  2007-12-13 05:20:00

• Interest rate cut at top of homebuyers' Christmas wish list

  MyFinances.co.uk - ... that an interest rate fall was by far the most dazzling gift many people could receive this year. The firm found the quarter point interest rate cut last week was welcomed more than fairer stamp duty, the abolition of Hips, free mortgage advice and ...
  2007-12-13 03:50:00

• Lehman Profit Beats Estimates After Limiting Mortgage Losses (Bloomberg.com)

  Dec. 13 (Bloomberg) -- Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, reported a smaller profit decline than analysts estimated after limiting losses from the collapse of the subprime market.
  2007-12-13 05:27:41

• What to do when you mortgage is underwater and you can't pay (Market Watch)

  WASHINGTON (MarketWatch) -- Question: What do I do when I owe a $450,000 first mortgage, a second at $115,000 and new houses he same as mine are selling for $500,000? I owe two months on the first and two months on the second, and I cannot pay. What do I do?
  2007-12-13 04:41:15

• A.M. Best says insurers' subprime exposure modest

  Reuters - NEW YORK, Dec 13 (Reuters) - Insurance company rating agency A.M. Best Co. said on Thursday that the subprime exposure of ... However, it said the balance sheets of certain insurers would be hurt as the value of subprime mortgage and Alt-A mortgage ...
  2007-12-13 03:58:00

• HOPE Receives $1M Gift from Former Fed Vice Chair

  NewsMax.com - After leaving government in 1972, he founded the PMI Mortgage Insurance Company, Social Compact, and other organizations to uplift those left behind. Dr. Martin was also one of the first federal financial regulators to make fair lending a top ...
  2007-12-13 12:37:00

• Independent Bank Corp. Announces Quarterly Dividend of $0.17 Per Share

  MSN MoneyCentral - Rockland Trust offers commercial banking, retail banking, investment management services, and insurance sales services from: over 50 retail branches, 9 commercial lending centers, 5 mortgage origination offices located throughout southeastern ...
  2007-12-13 01:06:00

• Term Life Insurance: Is It Right For You?

  Best Syndication - ... re a good, inexpensive option if you just need a few years worth of coverage to cover a short-term expense, such as college tuition for a child (which is only slightly less painful than paying the mortgage!). Who Should Purchase Term Life Insurance? ...
  2007-12-13 01:34:00

• Fireman's Fund Insurance Company Offers Advice for Art Collectors ...

  Forbes - Economic turmoil fueled by sub prime mortgage issues had financiers and collectors alike speculating whether the 2007 art auction season would signal a downturn in the art market. There were some highly publicized, surprising results which may have ...
  2007-12-13 06:11:00

• Ambac Reinsures $29 Billion Portfolio to Keep Rating (Update4)

  Bloomberg - Assured Guaranty has less risk than its competitors from mortgage-related securities, the rating companies said. Fitch affirmed Assured Guaranty's AAA insurance and reinsurance ratings yesterday after the company announced a plan to raise $345 ...
  2007-12-13 01:56:00

• A.M. Best Special Report: Insurance Industry's Subprime Exposure May ...

  Forbes - As the turmoil from the subprime crisis ripples across the global credit and equity markets and threatens the stability of the U.S. economy, several insurers have announced their exposure to mortgage-linked assets in their third quarter earnings. A.M ...
  2007-12-13 09:10:00

• Industrial Alliance penetrates the individual disability and health insurance market by acquiring L'Excellence Life ... (CNW Group via Yahoo! Finance)

  Industrial Alliance Insurance and Financial Services Inc. is pleased to announce the conclusion of agreements to acquire all the shares of the holding companies controlling L'Excellence Life Insurance Company , a company specializing in individual disability and health insurance, as well as the brokerage companies with which L'Excellence is associated: Michel Rhéaume & Associ and Beaulne & ...
  2007-12-13 05:45:00

• Capstead Mortgage Corporation Declares Fourth Quarter 2007 Common Dividend (Business Wire via Yahoo! Finance)

  DALLAS----Capstead Mortgage Corporation announced today that it will pay a fourth quarter 2007 dividend of 24 cents per common share payable on January 18, 2008 to stockholders of record as of December 31, 2007.
  2007-12-13 01:11:00

• Bank of America Achieves Top Retail Mortgage Originator Status (PR Newswire via Yahoo! Finance)

  Bank of America was recognized as the top retail mortgage originator in the United States for the first nine months of 2007, as well as the third quarter of 2007, according to a survey by Inside Mortgage Finance, a leading industry publication.
  2007-12-13 11:00:00

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