Triad Guaranty Inc., Winston-Salem, N.C., has announced its intention to enter the Canadian mortgage insurance market.The announcement that Triad is filing a formal notice of intention to submit an application to incorporate a Canadian subsidiary is the first formal step prior to submitting an application to the Office of the Superintendent of Financial Institutions in Canada. If approved, the Canadian subsidiary would be a monoline provider of mortgage guaranty insurance, and would be named Triad Guaranty Insurance Corp. Canada. Triad said Canada is the second-largest mortgage guaranty insurance market in the world. The company can be found online at http://www.triadguaranty.com.
-
A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
9h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11