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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Merging Fannie Mae and Freddie Mac may not be possible but there is a variation that maintains competition and adds efficiency, according to one shareholder.
9h ago -
As part of a broader expansion of its profit and loss production network, Rate is bringing former Fairway employees Vito Roppo and Nick Ferrante onboard.
10h ago -
Most of the A1 tranches, are expected to pay a coupon of 5.83%, except for the A-1 last-cash flow tranche, which is expected to pay 5.93%.
September 2 -
United Wholesale Mortgage launched a "first-of-its-kind" ChatGPT plugin that connects borrowers with independent mortgage brokers across the country.
September 2 -
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Federal Reserve Bank of New York President John Williams said Wednesday that inflation expectations remain well anchored, suggesting a "wait-and-see" approach for monetary policy.
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