Mortgage and Financial News From 2007-11-19 Page 16

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  • BMO Bank of Montreal to Pay City of Toronto Land Transfer Tax for its Mortgage Customers (CNW Group via Yahoo! Finance)

    BMO Bank of Montreal announced today that it will pay the new City of Toronto land transfer tax on behalf of its customers when they arrange a mortgage by February 29, 2008.
    2007-11-19 09:37:00
  • SwFr1.2bn credit crisis loss hits Swiss Re

    Times Online - This is the most recent example of a firm taking a mark-to-market hit on its exposure to the woes of the US sub-prime mortgage market. But it is the first time a big reinsurer has been made to pay out on a highly tailored insurance contract known as ...
    2007-11-19 07:15:00
  • Swiss Re takes $1.1bn credit crunch hit

    Daily Telegraph - ... it has been hit by the financial crisis that began in the US sub-prime mortgage market. Lloyd's braced for wave of credit crunch claims Shares in the group tumbled 7pc after the company revealed the write-downs after provided a client with insurance on ...
    2007-11-19 06:46:00
  • Schering-Plough Completes Purchase Of Organon BioSciences - Quick ...

    RTT News - Genworth Financial Appoints Claude Adams As SVP, Sales, Mortgage Insurance Business - Quick Facts [GNW] 11/19/2007 9:54:07 AM Genworth Financial (GNW) announced that it has appointed Claude Adams as Senior Vice President, Sales for its U.S. Mortgage ...
    2007-11-19 07:01:00
  • Swiss Re takes $1 billion subprime hit as crisis spreads beyond banks

    International Herald Tribune - ... investment banks to announce further write-downs as the credit crisis widens and if recent provisions prove too optimistic, effects on insurance companies had hitherto been seen to be limited because of their usually smaller exposure to mortgage ...
    2007-11-19 11:18:00
  • Swiss Re hit by $1 bln writedown, shares drop

    Guardian Unlimited - The investment grade credit default swaps were structured to provide protection against a remote risk of loss, Swiss Re said in a statement. The portfolios protected via the credit default swaps consisted mainly of mortgage-backed securities.
    2007-11-19 04:37:00
  • Automated Fraud Alert Service Now Available Free of Charge to ...

    Forbes - Intersections also provides consumer-oriented insurance and membership products through marketing partnerships with the major mortgage servicers in the United States as well as other financial institutions through its subsidiary, Intersections ...
    2007-11-19 09:31:00
  • Regions Launches Campaign to Support Toys for Tots this Holiday Season

    Forbes - With nearly $138 billion in assets, Regions is one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states ...
    2007-11-19 09:31:00
  • Bond-Insurer Woes to Reach `Non-Prime' Car Loans, JPMorgan Says

    Bloomberg - Second-mortgage securitizations were the third largest, at $16 billion. Sales of those securities with insurance should fall 60 percent to 75 percent next year, the analysts wrote. Credit-default swaps tied to debt in New York ...
    2007-11-19 08:19:00
  • Sagicor Life Insurance Company Opens New U.S. Headquarters

    Insurance News Net - ... District of Columbia, a licensed reinsurer in 44 states and DC and a third-party administrator in all 50 US states. Sagicor Life is a full-service life insurance company offering a wide range of competitive products including individual and mortgage ...
    2007-11-19 10:42:00
  • Swiss Re Tanks On Subprime Loss

    Forbes - The surprising news from the world's biggest reinsurer has renewed concerns about the European financial sector's exposure to the American subprime mortgage market. And worries about other insurance companies aside, it is still unclear whether other ...
    2007-11-19 09:45:00
  • First American CoreLogic Announces ListSource(TM)

    Forbes - Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information and First Advantage. More information about the company and an archive of its press releases can be found at http://www.firstam.com. Media Contact ...
    2007-11-19 05:35:00
  • Swiss Re reveals sub-prime write-down

    Guardian Unlimited - Swiss Re, the world's leading reinsurer, sent shock waves through the European insurance sector today after revealing a SFr1.2bn (£520m) write-down because of the sub-prime mortgage crisis. Its surprise admission, less than two weeks after playing ...
    2007-11-19 10:14:00
  • Genworth Financial Appoints Claude Adams As SVP, Sales, Mortgage ...

    RTT News - 11/19/2007 9:54:07 AM Genworth Financial (GNW) announced that it has appointed Claude Adams as Senior Vice President, Sales for its U.S. Mortgage Insurance business. The company noted that in this new role, Adams would responsible for all direct ...
    2007-11-19 06:46:00
  • Analyzing CMG's early-mortgage-payoff program

    Boston Online - However, HOA borrowers can get 90 percent loans (10 percent down) without paying for mortgage insurance. Further, for 2.75 points, borrowers can buy down the margin from 2.25 percent to 0.75 percent, which would reduce the start rate to 5.75 percent ...
    2007-11-19 06:53:00