Mortgage and Financial News From 2007-12-5 Page 16

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  • US STOCKS-Market gains as data reassures investors

    Reuters - ... Group (AIG.N: Quote , Profile , Research ) gave a big boost to the Dow after the chief executive of the blue-chip insurer said on Wednesday that business exposure levels throughout its businesses, including consumer finance and mortgage insurance ...
    2007-12-05 10:16:00

  • UPDATE 1-AIG CEO says its business exposure levels managable

    Reuters - NEW YORK, Dec 5 (Reuters) - American International Group Inc (AIG.N: Quote , Profile , Research ) Chief Executive Martin Sullivan said on Wednesday that exposure levels throughout its businesses, including consumer finance and mortgage insurance ...
    2007-12-05 06:13:00

  • Market Report -- Story Stocks (AIG)

    MSN MoneyCentral - The company also noted its exposure to consumer finance and mortgage insurance could be managed and it is unlikely its financial products unit would sustain a loss. During the third quarter, AIG suffered $864 million in capital losses, which ...
    2007-12-05 07:25:00

  • FirstClose(TM) Announces Agreement with First American CoreLogic to ...

    Forbes - The company's product offerings include credit reports, flood certifications, AVMs, insured AVMs, traditional valuation products, income verification, doc prep, closing, title reports, lien reports, title insurance, mortgage insurance, recording ...
    2007-12-05 11:57:00

  • UPDATE 3-AIG CEO says business exposure levels manageable

    Reuters - NEW YORK, Dec 5 (Reuters) - American International Group Inc (AIG.N: Quote , Profile , Research ) Chief Executive Martin Sullivan said on Wednesday that exposure levels throughout its businesses, including consumer finance and mortgage insurance ...
    2007-12-05 10:38:00

  • Prudential Mortgage Capital Originates $232.9 Million in Affordable Housing Loans (Business Wire via Yahoo! Finance)

    NEWARK, N.J.----Prudential Mortgage Capital Company announced today that it has originated $232.9 million year-to-date in affordable housing loans. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. .
    2007-12-05 11:30:00

  • UPDATE: AIG Shares Rise As CEO Reassures Investors On Subprime Exposure (Nasdaq)

    SAN FRANCISCO (Dow Jones) -- American International Group shares rose more than 6% on Wednesday after Chief Executive Martin Sullivan tried to reassure investors about the insurance giant's exposure to subprime mortgage losses.
    2007-12-05 10:45:08

  • Financial Stocks: Financials gain as AIG credit siutation seen as manageable (Market Watch)

    SAN FRANCISCO (MarketWatch) - American International Group Inc. shares gained more than 5% in early trading Wednesday after its chief executive indicated that the insurance giant's exposure to the ongoing meltdown in mortgage markets wasn't likely to spiral.
    2007-12-05 09:11:22

  • Co-operators to offer title insurance to existing homeowners (Investment Executive)

    The Co-operators announced today that it has made arrangements with Oakville, Ont.-based First Canadian Title to offer residential title insurance protection for existing homeowners.
    2007-12-05 07:18:33

  • GOP fears of recession behind president's mortgage initiative (Lincoln Journal Star)

    WASHINGTON — The Bush administration’s new and aggressive effort to help people facing foreclosure and shore up the mortgage industry came from by growing fears of an election-year recession and the political damage that would cause, analysts said this week.
    2007-12-05 11:15:29

  • Clinton calls for subprime rate freeze

    CNN Money - The 90-day foreclosure moratorium is meant to give lenders and mortgage servicers time to sort through the large numbers of borrowers who may benefit from the freeze, so none will lose their homes simply because servicers do not have the systems and ...
    2007-12-05 11:42:00

  • Pound Drops to 4-Year Low Against Euro on Signs Growth Slowing

    Bloomberg - U.K. mortgage lenders may face a 30 billion pound ($61.2 billion) funding shortfall next year, the Times reported. The Bank of England needs to take steps to relieve the liquidity squeeze, the newspaper cited Michael Coogan, director general of the ...
    2007-12-05 08:43:00

  • Clinton Says Wall Street Encouraged Reckless Mortgage Lending

    Bloomberg - Paulson and Treasury officials are trying to craft an agreement with lenders to prevent a surge in defaults in the $11.5 trillion mortgage market. Clinton, a New York senator, told Paulson that any deal should include her provisions. To ...
    2007-12-05 09:55:00

  • Bill coming due on sinking home equity

    Miami Herald - Mortgage lenders lost sight of its importance because most of the loan level data they used came from the latter 1990s to the early 2000s when very few places in the country weren't seeing house appreciation," he said. A recent report from online real ...
    2007-12-05 11:35:00

  • UPDATE 1-GMAC names chief risk officer after $1.6 bln loss

    Reuters - Citigroup Inc (C.N: Quote , Profile , Research ) and JPMorgan Chase & Co (JPM.N: Quote , Profile , Research ) are among other large mortgage lenders to name chief risk officers in the last month. (Reporting by Jonathan Stempel; Editing by Dave Zimmerman
    2007-12-05 10:23:00

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