GLG News by Council Members Knowledgeable on Mortgage Guaranty Insurance

Every Business Is Entitled To A Profit. That Level Of Profit Will be Determined By Competition.

This article is illustrating finger pointing looking for a villain, instead of "post-mortem" to find a hero.  What the industry needs is a clear plan for rebuilding the subprime securitization market.  In my opinion, a great part of that will be tied to the outsourced due diligence function,...

Bond insurers will be hard pressed to survive mounting losses on CDOs and other securities that they guarante.  Egan-Jones estimates that Ambac losses may reach $4.3 billion.

The Economic Stimulus Act, approved today, will go along way towards its name, and stimulate the economy.  Questions of how much money, too whom, and what may have been sacrified in the cross-party negotiation will remain unanswered, but one thing is clear.  Congress has delivered a very potent...

The reduction in interest rates is going to have a negative impact on the existing mortgage portfolios due to adverse selection. The decrease in those seeking unemployment benefits is very misleading. The stimulus package is not going to help those in real trouble and will pay some bills for most.

This article is a very good brief about the RiskMetrics IPO, but doesn't attempt to broadly touch the many areas that are set to shine from recent events in the subprime mortgage market.

If this had been a mere subprime crisis, it would now be over. But it is not, and nor will it be over soon.  Any near-term rally in the bear market is likely to be led by U.S. companies that will get the biggest bang from the Federal Reserve's latest interest-rate cut. But this is exactly the part...

Any near-term rally in the bear market is likely to be led by U.S. companies that will get the biggest bang from the Federal Reserve's latest interest-rate cut. But this is exactly the part of the economy where the reality of a slow recovery has the power to repeatedly dash premature optimism. Take...

It is terrific that one day gains reclaimed much of the territory lost over the various Asian exchanges on Tuesday.  The significance of the instant reaction to the price cut at the Fed's lending window was one of timing.  The question is whether this particular means for economic stimulus...

This is not merely a subprime crisis.  Several other (and larger) pockets of the credit market are also vulnerable, (such as) credit default swaps, relatively modern financial instruments that allow bondholders to insure against default.