Security Capital Assurance, a bond insurer that has faced ratings pressure as a result of mortgage market woes, has indicated that it is involved of a review of its "strategic options" and will be delaying the filing of its annual report with the Securities and Exchange Commission. The Hamilton, Bermuda-based SCA is working with Goldman Sachs as a financial adviser, assisted by Rothschild Inc., on the review of its options. The company can be found online at http://www.scafg.com.
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However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
7m ago -
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
56m ago -
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
1h ago -
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
10h ago -
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
July 7 -
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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