GLG News by Council Members Knowledgeable on Mortgage Guaranty Insurance

As Home Builders see declining credit ratings and some of our most well known Builders and developers go insolvent, Surety Bonds are now very difficult to obtain.

With so many licensed Insurance agents in the market place these days competing for the same household and many unrelated  companies offering insurance to their customers, it's not only hard to grow a new agency, it's hard even to grow an established one.

Even after the Business Owner's Policy has paid a party/parties injured by the company, those that run the company could, and most probably will, face litigation in which they are the subject

Competition, not regulation, has brought about the first stages of recovery.

1) Financial services offered by FISERV are now more robust and provide portfolio management services to the industry 2) Most financial services companies MUST rely on the expertise of solution providers - FISERV serves this market well with the new addition of CheckFree

Much has been made of the recent credit crisis and rightly so. Huge losses at some of the most prestigious financial firms is an almost daily event. MBIA and Ambac will have losses but will not be downgraded. Risk management at these two firms has the upper hand.

HSBC's indications do not necessarily indicate the extent of change in the market. Since HSBC is very forthcoming with their news, they do not capture some lenders who have not been in the past. These other lenders, some of whom are significantly larger than HSBC, have been deferring some wirte offs...

Recent suggestions that the ABX index is a poor proxy for AAA subprime RMBS fail to recognise its value.

1) The Internal Revenue Service has longed for complete voluntary compliance, in lieu of this... the bark of the IRS and their published bites of cheaters are all well too known. 2) Microsoft (and all other providers who desire a level of fair-play) must bark (threaten) any users who have tampered...

Bank of america needs to adopt a more gracious policy when dealing with its customers to insure that it maintains them as future customers.  These people will talk and their potential customers will decrease if they have a hard ball image.