Types Of Bankruptcy

Countrywide merger criticized, BoA names mortgage exec (Reuters via Yahoo! News)   Bank of America Corp on Thursday said Countrywide Financial Corp's second- highest ranking executive will run its mortgage business, and a large Countrywide investor said it opposes the bank's


Three Separate Parts To Group's Documents  via


Layoffs Rampant in the Mortgage Industry (NPR)  American Home Mortage filed for bankruptcy last month after falling victim to the weak housing market. Aimee Waltz, a loan officer who recently lost her job with American Home Mortgage,


House Equity Soaring  Soaring property values have created $ 1 trillion in homeowner wealth in California during the last five years, creating a ripple effect that has lifted the fortunes of a variety


Should You Insure That Mortgage? (The Motley Fool)  You've got a darling family, and now you even have a brand new home! With a brand new mortgage to boot, of course.read more...


Consumers' top holiday purchase? Improving the home  'Tis the season to be jolly -- and apparently also the season to improve the home, according to a recent survey from Deloitte & Touche, the consulting firm.read more...

March 18th, 2008

Mortgage Insurance Reserves: A Lesson in Managing Risk

An enormous amount of ink has been spilled on the mortgage market crisis, and I have contributed my share. Yet I am now convinced that the most important factor underlying the crisis has been overlooked, even though it has been in plain view all along.




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