Texas Bankruptcy Laws

Recalls: Carbon monoxide alarms, baby rattles  The following recalls have been announced: _ About 280,000 carbon monoxide alarms and combination carbon monoxide/smoke alarms, made in Mexico by Maple Chase Co.read more...


Personal Finance  RESTON, Va. - SLM Corp., the largest U.S. student loan provider that was formerly known as Sallie Mae, said Wednesday its second-quarter profit was sliced in half after suffering some


Corzine's monetary dealings with ex anything but 'personal'  TRENTON -- Gov. Jon S. Corzine should have told the whole truth from the start. He thinks he can shut down any investigation by saying something is private or that


Here's Donald, to Assist Ed McMahon  Donald Trump is negotiating a deal that would allow Ed McMahon to avert foreclosure and remain in his Beverly Hills, Calif., home.read more...


Recycling building waste  More than 130 million tons of debris from construction sites is dumped in U.S. landfills annually, according to the U.S. Environmental Protection Agency.read more...


Economists, academics, advocates (Reg Req'd)  The real estate market is changing. The genie is out of the bottle and he won't go back in.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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