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Mortgage Insurers Pressure Lenders to Repurchase Bad Loans

by devteam December 4th, 2009

U.S. mortgage insurers are likely to reject as much as $4 billion in claims by lenders over the next few years as they get more aggressive in pushing responsibility for bad loans to originators, Moody's Investors Service said in a report.

Mortgage Insurers Pressure Lenders to Repurchase Bad Policies

by devteam December 4th, 2009

U.S. mortgage insurers are likely to reject as much as $4 billion in claims by lenders over the next few years as they get more aggressive in pushing responsibility for bad loans to originators, Moody's Investors Service said in a report.

Markets Optimistic Ahead of Employment Numbers

by devteam December 4th, 2009

Equity futures are often flat or in decline before the monthly of release of the unemployment rate and the pace of job losses, but ahead of the November results equities are pointing modestly higher. rnrnThe reason is simple: expectations are that 100k or fewer people lost their job in the month, compared with 190k in October and as many as 741k at the start of the year.rnrnLess than an hour before the data, the Dow looks to open 12 points higher at 10,364 while futures on the S&P 500 are up 1.50 points to 1,100.

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