Hedge funds are increasingly betting on whether bond insurer MBIA can survive heavy losses expected from Puerto Rico’s bankruptcy in the wake of Hurricane Maria.
A data leak from the municipal bond insurance association has exposed a large amount of customer information including account numbers, balances and account holder names, according to the blog.
Bond insurance (also known as "financial guaranty insurance") is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security. As compensation for its insurance, the insurer is paid a premium (as a lump sum or in installments) by the issuer or owner of the security to be insured.
The issuance of non-life insurance. data, transparency, and understanding of indemnity risk, rather than any inherent discomfort with index triggers. Nevertheless, the report said, index triggers.
MBIA has agreed to provide reinsurance for the majority of FGIC’s investment grade U.S. public finance insured portfolio. The transaction, expected to close by the end of next month, will put MBIA’s claims paying resources behind approximately $184 billion of general obligation, water and sewer tax-backed and transportation bonds already insured by FGIC.
Clayton Holdings exec: Observers see regulatory sea change but no end to Dodd Frank Mortgage servicers and investors call for more borrower info 2017 HW Vanguard: Claudia Merkle 2018 HW Vanguard: David Lykken | 2018-12-03. by steveik December 3, 2018. written by steveik December 3, 2018.. National MI preparing to promote claudia merkle to. September 13, 2018. FICS third generation of its systems provide more. February 1, 2019.2017 HW insiders: amy jones mellissa hummer needs your help today! Maisy Lane’s Family – From Melissa: [edited] Yesterday, my sweet baby maisy lane left us. Our life is in pieces, my heart is broken, my soul feels empty. Please understand that I am reading each message. I just don’t have the strength to respond. Maisy was (and still is) a a beautiful, loving, and happy girl.loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. The vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing Administration (FHA) or.The mood at the Structured Finance Industry Group Vegas conference this week was definitely upbeat. Despite the positive signs, however, panelists and the attendees weren’t ready to place a bet on.
Ackman bought CDS against MBIA corporate debt as a way to bet that it would crash. When MBIA did, in fact, crash as the financial crisis of 2008 came to a head, he sold the swaps for a large profit. Ackman reportedly attempted to warn regulators, rating agencies and investors about the bond insurers’ high risk business models.
MBIA Shares Shrug Off Barron’s Concerns. Its shares have gained 2.7% to $8.30 despite our concerns about MBIA betting a quarter of a billion dollars of the insurer’s capital on the muni bond guarantor when it faces $3.4 billion exposure to defaulted bonds inPuerto Rico. In a note this morning, MKM Partners analyst Harry Fong came out in defense.
California housing market underperforms in July First-time homebuyers are too few in number to absorb inventory overhang detroit housing market remains mystery after bankruptcy The U.S. housing sector is starting to contribute to growth after years of. But he said the Camry remains on track to be the top-selling car in this bread-and-butter segment for the thirteenth.The number of first-time homebuyers coming to market this spring is not enough to absorb the amount of housing inventory on the market.
Bank of America Corp. has sued bond insurer MBIA Inc. in a New York state court for allegedly interfering with a tender offer to buy MBIA’s bonds. At issue is a change MBIA sought to make to the.
The cure to zombie foreclosures · If you’re a TV fan, you’ve probably already heard that there are somewhere around 500 scripted series on the broadcast, cable and streaming networks, all competing for a.