Mortgage and Financial News From 2008-2-17

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• Updated flood insurance rate maps come out later this month

  Daily Comet - paying a mortgage on your home, you may be required to purchase flood insurance. And the cost of flood insurance will go up once the parish adopts the new flood insurance rate maps, Gordon said. Flood insurance purchased before the updated maps were ...
  2008-02-17 05:50:00

• FGIC Expected to Split Operations

  Seattle Times - State Insurance Superintendent Eric Dinallo, who has spoken sympathetically about FGIC's need for a split of its municipal insurance business, said he hopes that won't happen to other mortgage insurers. He said talks are going well with the other bond ...
  2008-02-17 09:10:00

• OMAHA MUTUAL

  New York Post - FGIC, owned by Blackstone Group and PMI Mortgage Insurance, both lost their AAA rating late last week when Moody's downgraded them. That will drive municipalities to the well-funded Berkshire unit because they can only insure their bonds with AAA ...
  2008-02-17 01:32:00

• Bank's losses shouldn't affect money you keep there - Vancouver Province

  Bank's losses shouldn't affect money you keep thereVancouver Province, Canada - 6 hours agoEDMONTON -- In the wake of mounting writedowns of losses by financial institutions from exposure to the subprime mortgage debacle and credit crisis, ...
  2008-02-17 03:07:12

• Future hazy for Falls of Clyde - Honolulu Advertiser

  Future hazy for Falls of ClydeHonolulu Advertiser, HI - 6 hours agoThe Hawai'i Maritime Center was able to hold a mortgage-burning ceremony in 2005 to mark the end of a campaign to eliminate the center's $1.4 million debt ...
  2008-02-17 03:07:34

• SW Fla. Seniors Are Targeted for Scams - The Ledger

  SW Fla. Seniors Are Targeted for ScamsThe Ledger, FL - 4 hours agoBy KEVIN L. McQUAID SARASOTA | With no life insurance or experience with Wall Street, Jack and Jeannetta Mouncey feared for their financial future after he ...
  2008-02-17 04:49:04

• Solving the Monoline Mess: Bifurcation or Buffett's 'Bailout'? - Seeking Alpha

  Solving the Monoline Mess: Bifurcation or Buffett's 'Bailout'?Seeking Alpha, NY - 4 hours agoLet me be clear on how my common sense, outside the box mentality views this mortgage insurer mess as of now. I haven't revisited this in a while. ...
  2008-02-17 04:50:53

• Some important facts about filing your 2007 income - phillyBurbs.com

  Some important facts about filing your 2007 incomephillyBurbs.com, PA - 4 hours agoDeduction for mortgage insurance premiums on home acquisition debt that was new or refinanced in 2007. Only taxpayers with adjusted gross incomes of $100000 ...
  2008-02-17 04:53:14

• The coming news The week ahead - Economist

  The coming news The week aheadEconomist, UK - 3 hours agoSince the collapse of the subprime-mortgage market, troubles in credit insurance have put the monolines' top-notch credit ratings into jeopardy, ...
  2008-02-17 06:22:58

• Business Notes - Annapolis Capital

  Business NotesAnnapolis Capital, MD - 2 hours agoCarteret Mortgage Corp.; Chesapeake Homeowners Network; Craig Mader Insurance Agency Inc.; Darling Real Estate Co.; Jones Insurance Agency/State Farm; ...
  2008-02-17 07:04:16

• Meeting others: Young widows, widowers find support in new group - Duluth News Tribune (Subscription)

  Meeting others: Young widows, widowers find support in new groupDuluth News Tribune (Subscription), MN - 2 hours ago... figuring out how to pay the mortgage if it depended on two incomes and what to do about health insurance if the spouse was the one who carried it, ...
  2008-02-17 07:13:22

• Arcane Market Is Next to Face Big Credit Test - StarNewsOnline.com

  Arcane Market Is Next to Face Big Credit TestStarNewsOnline.com, NC - 49 minutes agoThe market for default insurance, like the subprime mortgage securities market, is a product of good economic times and has boomed in recent years. ...
  2008-02-17 08:47:07

• Insurer Radian loses $618M: The Phila. company covers mortgages ... - Trading Markets (press release)

  Insurer Radian loses $618M: The Phila. company covers mortgages ...Trading Markets (press release), CA - 16 minutes agoClaims paid for mortgage defaults more than doubled in the quarter to $164.67 million from $81.14 million in the 2006 quarter. The increase included prime ...
  2008-02-17 09:19:59

• Arig posts profits of $23.7m for 2007 (MENAFN)

  Arig posts profits of $23.7m for 2007
  2008-02-17 06:23:24

• Business Notes (The Capital)

  Annapolis Sailing School recently added to its Kidship learning-to-sail program with a course aimed at teens who are interested in larger boats in the 30- to 40-foot range, company officials recently announced.
  2008-02-17 06:58:50

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