TEXT-Fitch Affirms National RMBS Trust 2011-2 - Reuters

TEXT-Fitch Affirms National RMBS Trust 2011-2
Reuters
A portion of the pool is covered by lenders' mortgage insurance provided by Genworth Financial Mortgage Insurance Pty Limited and QBE Lenders Mortgage Insurance Limited ('AA-'/Stable) at 0.83% and 13.63% respectively as at end-March 2012.
TEXT-Fitch affirms National RMBS Trust 2011-1 London South East

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Not a farmer? You can still get 100 percent USDA financing - Fox Business

Not a farmer? You can still get 100 percent USDA financing
Fox Business
"The advantages of the USDA program are huge, especially because borrowers without a lot of cash can skip making a down payment," says Joseph Theisen, branch manager for Fairway Independent Mortgage in Sun Prairie, Wis. "The mortgage insurance is much ...

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Wrangle Over $76 Billion in Mortgage Insurance - Courthouse News Service

Wrangle Over $76 Billion in Mortgage Insurance
Courthouse News Service
By LISA BUCHMEIER MILWAUKEE (CN) - Mortgage Guaranty Insurance Corp., the nation's largest private mortgage insurer, has a $535 million dispute with Freddie Mac over MGIC's risks on $76 billion in mortgage insurance. MGIC claims Freddie Mac and its ...
CORRECT: MGIC Sues Freddie Mac, FHFA Over Insurance Dispute Wall Street Journal
MGIC Sues Freddie Mac in Insurance Coverage Dispute Insurance Journal
MGIC files lawsuit against Freddie Mac in insurance dispute Insurance Business Review

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TEXT-Fitch puts Old Republic International watch positive - Reuters

TEXT-Fitch puts Old Republic International watch positive
Reuters
RFIG combines ORI's mortgage insurance and consumer credit indemnity (CCI) lines. A successful spin-off would mitigate Fitch's concern regarding a potential covenant breach under ORI's debt obligations and eliminate the cash drain related to RFIG.
Fitch, Moody's Place Old Republic Rating On Watch For Upgrade Wall Street Journal
Old Republic Announces the Filing of a Form 10 Registration Statement by its ... Sacramento Bee
Old Republic International's CEO Presents at Partial Leveraged Buyout and ... Seeking Alpha

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Radian CFO to Present at KBW 2012 Mortgage Finance Conference - MarketWatch (press release)

Radian CFO to Present at KBW 2012 Mortgage Finance Conference
MarketWatch (press release)
The presentation will include additional details on Radian's delinquent loan inventory, as well as information on its capital and liquidity positions, mortgage insurance business volume and loss mitigation efforts, and financial guaranty business.

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ADB report recommends mortgage insurance for Thailand - The Nation

ADB report recommends mortgage insurance for Thailand
The Nation
A recent Asia Development Bank (ADB) report said that Mortgage Insurance will be a useful, but not an essential, feature of the Thai mortgage market. Alan Taylor, the ADB consultant who prepared the report as part of this country's Capital Market ...

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The coming storm in flood insurance - MiamiHerald.com


Live Insurance News
The coming storm in flood insurance
MiamiHerald.com
The NFIP ensures flood insurance will be available to anyone who needs it while it reduces the need for taxpayer-funded federal disaster aid. Many mortgage loans, including all federally backed mortgages, require flood insurance for properties facing a ...
New Flood Maps Show Current Risks in Saline County, Arkansas Insurance News Net (press release)

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MGIC Settles Historic Mortgage Insurance Case Involving Maternity Leave - Forbes

MGIC Settles Historic Mortgage Insurance Case Involving Maternity Leave
Forbes
Neals is the mother of three children, the youngest was born on June 21, 2010, and PNC determined, based on Fannie Mae's underwriting guidelines, that her request to borrow 90% of the value of her home required private mortgage insurance.
Mortgage Guaranty settles home insurance bias claim Pittsburgh Post Gazette
Mortgages On Maternity Leave : MGIC Settlement Streamlines Loan Approvals The Mortgage Reports
Radian Group Reports Loss - Analyst Blog NASDAQ

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MetLife to Shift US Business, Target Global Growth - Insurance Journal


The Republic
MetLife to Shift US Business, Target Global Growth
Insurance Journal
MetLife also said it had received two subpoenas in April and May from regulators looking into mortgage servicing and foreclosure practices at its banking unit. The company had shut its mortgage businesses by then, and is in the process of selling the ...
MetLife targets global growth, gets bank subpoenas Reuters

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FDIC Sues Big Banks Over Mortgage Securities - Insurance Journal


First Coast News
FDIC Sues Big Banks Over Mortgage Securities
Insurance Journal
The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks which failed in May 2009. The Federal Deposit Insurance Corp., which seized the two banks when they failed, ...
FDIC Chases Big Banks Zacks.com
FDIC sues Bank of America, JPMorgan Chase, others over mortgage debt losses Orlando Business Journal
Financial Stocks Roundup: FDIC Slams Banks With Mortgage Lawsuit Minyanville.com

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