Tag Archives: mbia inc

Foreclosure Settlement Talks With Big Banks

Flooded by foreclosures, America’s biggest banks were imperfect in their processing of mortgage defaults. To punish the banks and to accumulate a nice slushfund to bribe voters, Democrat politicians want to extract about $20 billion from the banks. As a … Continue reading

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Mortgage Companies Reveal Bad First Quarter Earnings

At least some people think the worst is over. Mortgage companies have lost billions. The US economy has lost over $200 billion from the subprime mess which has hurt credit markets around the world. Shares in mortgage lenders and insurers … Continue reading

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