GLG News by Mortgage Insurance Experts

With 45 percent of contingent sales identified as "short sales," or sales in which the lender will be required to accept less than the principal balance owed, we can't expect investor demand to grow. Investors currently have other more liquid and stable securities to place their bets, and...

Recently Fitch, S&P and Moodys all lowered the ratings of the major mortgage insurance companies (MTG, RDN, PMI). The rating agencies justified these downgrades based on challenges and the high losses the MI industry is incurring as a result of the meltdown in the mortgage market. To manage this...

Many banks will no longer be able to deny huge losses on their portfolios of loans to residential and other developers.  Recognition and realization of these losses will seriously damage the financial strength of many banks, particularly smaller ones.  Expect increasing bank failures.

Insureds know they must have Life Insurance, but they are scared to buy what can be an excruciatingly complicated protective instrument. An agent seasoned by years of application can help the insured select a Life Insurance policy that will suit their circumstances.

Citigroup has continued to show losses in global operations, some relating to subprime issues. However, while many of the financial institutions are showing losses, Citi's losses are different, which is a good thing for the investor.

Until the housing mortgage markets are no longer under severe stress, the federal government will do whatever it takes to ensure the solvency of Fannie Mae and Freddie Mac.  Therefore, rating agency downgrades of these government-sponsored entities are irrelevant for the foreseeable future....

Underwriters are the gatekeepers of rates. In the current insurance environment, they bring fiscal discipline to the market as opposed to simply offering lower rates for the sake of more business. 

The news is not good for UBS. The amount of mortgage holdings in US and Non-US declining markets will lead to further losses. 1. $45 B of additional US Mortgage Holdings. 2. An undisclosed amount of non-US mortgage holdings. 3. A UK and Eurpoean mortgage market that is going down as well. 4. The slump...

MGA's can seek out better lines and Company deals. MGA's can seek out training to meet the changing demands. One very specific area an MGA can capitalize on is TECHNOLOGY.

The article is right on target in pointing out the various issues around bank reporting their losses todate. 1. Allowable accounting standards. 2. Permanent versus Temporary Losses 3. Capital Requirments The article goes on to highlight the various issues around soveriegn wealth funds, capital levels...