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U.S. Bails Out Mortgage Giants (Forbes)
Fannie Mae and Freddie Mac get new lease on life as Paulson acts to shore up mortgage markets.
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(AFX UK Focus) 2008-09-08 03:16 China shares mixed in early trade; financials outperform on US mortgage takeover (Interactive Investor)
SHANGHAI (XFN-ASIA) - China shares were mixed in early trade with financial stocks boosted by the news of the US government takeover of mortgage giants Fannie Mae and Freddie Mac, removing some of the uncertainty from the housing finance market, dealers said.
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Insurance giant fights for recognition (The Australian)
WHAT'S worse than being known as the local arm of a US insurer that has lost $US12 billion ($14.7 billion) as a result of the sub-prime mortgage crunch and is the subject to allegations of former executives diverting funds? The answer, it seems, is not being known at all.
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Murrieta man charged in wife's slaying wasn't making mortgage payments when he reportedly bought $1 million in life ... (The Press-Enterprise)
A Murrieta man charged with murder for financial gain was not making mortgage payments at the time authorities say he purchased $1 million in life insurance on his wife, who died a few weeks later, county records show.
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Amalgamated Insurance Is Moving to Westchester (New York Times)
The departure of Amalgamated is a blow to the Bloomberg administration, which had offered the company tax breaks to remain in Manhattan.
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Real life not reflected in savings plan (The Bryan-College Station Eagle)
The Retirement/Investment Complex calls it your "retirement income replacement rate." It's the percentage of your pre-retirement income you "need" to sustain yo ...
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Barnes & Noble exec aids Katrina victims (New Orleans Times-Picayune)
David Briant has been sleeping on a couch for three years. He craves a real bed, and what it would symbolize: an end to the itinerant life he has led since Hurricane Katrina destroyed his tidy blue home in Gentilly.
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AIG Sees China General Insurance Business Growing (Insurance Journal)
American International Group sees China becoming a much larger part of its general insurance business within the next five years, Nicholas Walsh, executive vice-president of the foreign general insura
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50 PLUS PRIME: What is a Reverse Mortgage? (The Oakland Press)
Joel Gurman is Vice President of One Reverse Mortgage. He has more than 12 years of mortgage industry experience and was an integral part in the growth and success of One Reverse Mortgage's conventional mortgage partner, Quicken Loans, Inc.
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Fitch Affirms Principal Financial Group's Ratings (Centre Daily Times)
Fitch Ratings has affirmed the ratings of Principal Financial Group Inc. (PFG) and its subsidiaries. At the same time, Fitch has assigned an 'AA' Insurer Financial Strength (IFS) rating to Principal National Life Insurance Company. The Rating Outlook for all ratings remains Stable. (See a full list of ratings below.)
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