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Bond Insurer MBIA said to experience huge data leak "FGIC has told us they will be formally requesting approval to split into two," said a spokesman for Eric Dinallo, New York’s insurance superintendent, who regulates many of the big bond. Bond insurance (also known as "financial guaranty insurance") is a type of insurance whereby an.
MBIA to spread new capital. MBIA grabbed headlines early this year when the world’s biggest bond insurer raised $2.6bn of fresh capital in a frantic attempt to stave off cuts in its triple A credit ratings. More than three months later – the deal was completed in early February – these funds have remained at the holding company level,
CHLA challenges FHFA IG report on risk from smaller nonbank lenders Housing inventory steadily declines in 2012 An estimated 651,400 housing units were completed in 2012 or 11.4% above the 584,900 in 2011. Privately owned housing completions in December were at a seasonally adjusted annual rate of 686,000, 13.2% above the December 2011 rate of 606,000. Single-family housing completions in December were at a rate of 535,000.See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):.
In a move to enhance bondholder protection and write new business, MBIA is separating its municipal bond insurance business from structured finance and other businesses unrelated to public finance. MBIA’s high-quality insured portfolio, once rated "AAA," has faced rating downgrades over the last year as the bond insurer’s exposure to the deteriorating sub-prime mortgage market dragged.
MBIA shares are up slightly, despite a Barron’s feature about the muni bond insurer’s risky bet on its ownHarry Fong came out in defense of the muni bond insurer.
AM Best is the only global credit rating agency with a unique focus on the insurance industry. Best’s Credit Ratings, which are issued through A.M. Best Rating Services, Inc., are a recognized indicator of insurer financial strength and creditworthiness.
“We have lost so many tools over the last few years,” said Brian Mayhew. One of these tools was bond insurance. Before the financial crisis, the so-called monolines, like MBIA and Ambac, insured.
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Dec 18 (Reuters) – Puerto Rico Electric Power Authority (PREPA), the island’s debt-laden power utility, said it had extended to Friday a restructuring support agreement. with the monoline bond.
Judge refuses injunction request in eminent domain case On January 16, 2015 landowners filed two lawsuits to halt TransCanada’s land acquisition. Four days later, TransCanada filed about 90 eminent domain cases across Nebraska against landowners. Judge Kozisek’s Temporary Injunction Order today halts this process in the northern counties involved in the case before him.What will become of Robin Williams’ $30 million wine country villa? Orders placed before 12 noon will generally be delivered the following business. You will receive a confirmation email once your order has been processed.. Orders placed until 2 pm on Sunday usually can be picked up by 5:30 pm the. Brooklyn or Queens you will get a message on the website asking you to call the .
MBIA: It’s Not All About Puerto Rico. Puerto Rico’s escalating financial crisis and bankruptcy restructuring remains a major issue for the parent of bond insurer national, which insures about $4 billion in par value of the island country’s bonds. But Palmer says the big takeaway from last week’s meeting, which included CEO Bill Fallon,