GLG News by Council Members Knowledgeable on Mortgage Guaranty Insurance

"Volume solves all your problems", but pricing still must recover both expenses and the targeted Net Margin.

Litigating and disciplining the Insurance Industry, outside of sound, ethical, business reasons  are not profitable methods of encouraging recovery for 2008. 

Unrealistic and arbitrary Government mandates work well for issues political, but not for those that are fiscal.

Citigroup's eroded capital ratio will put added pressure on the company to reduce its dividend payment or take other steps to protect its capital position.

The logic behind the super-SIV has been fatally flawed from the start because a cornerstone of the proposed solution relies on the original cause of the problem, the lack of transparency, and therefore could be more harmful than helpful.

Potential Lawsuits, repurchase demands and flawed collateral documentation will cause many more problems than the intended solution will solve. The limited nature of the eligible loans will be far less than the 1,000,000 loans identified by the administration. The parties making the agreement do not...

The Insurance Industry learned from the unpredictable, but certainly expected catastrohpic events earlier this century. The successful Agencies and Carriers adapted and now use business models the industry has not yet seen- they are teachable and will evolve into an even higher form. 

The rate-freeze approved and being implemented by the government is not nearly the answer to the problems facing the Mortgage Industry, or the Financial District as a whole. The problem is systemic, and the solution is only one of a bitter pill to swallow.

It has become politically correct to propose a plan to address the rising tide of foreclosures and mortgage defaults in the US.  President Bush, congressmen, governors, lenders, servicers, Wall Street firms, and consumer activists all have jumped on the band wagon.  Most plans call for either...

1) Forget India; Caribbean; Russia... Call Centers will Boom in small towns within the United States. 2) We are already seeing the peek of offshore out-sourcing. We have clients that have even capitalized and managed the offshore operation to make things more seamless. 3) Plenty of our clients have...