Bond Insurers

Source: dealbook.blogs.nytimes.com --- 30 days ago
The Ambac Financial Group said on Wednesday that net income tripled after a new accounting rule allowed its insurance unit to turn its difficulties into a gain, but the company said it was writing little new business. Separately, Dexia, the Belgian-French financial group, said on Wednesday that it aims to protect its triple A rating by [...] ...

Source: blogs.wsj.com --- 23 days ago
Lavonne Kuykendall reports: As banks step forward to help customers whose savings are trapped in illiquid debt securities, Bond Insurers that provided payment guarantees on the bonds could see some upside. Depending on how banks manage the buyouts, “you could see some upside and some temporary and maybe permanent relief,” that could benefit Insurers as well [...] ...

Source: networks.feedburner.com --- 10 days ago
Just yesterday I wrote about the Bond Insurers getting a Monday morning boost. But today, Standard & Poor downgraded both Radian and the PMI Group. Today’s credit rating cuts erased yesterday’s gains swiftly. Shares of Radian dropped 6.9 percent and PMI lost 7.9 percent. I suspected the boost would be short lived, but not this short! Tags: Bond Insurers, downgrade, pmi, radian, [...] ...

Source: www.marketwatch.com --- 9 days ago
Shares of mortgage and Bond Insurers rally Thursday on news that MBIA Inc. is in a deal to reinsure billions of dollars in municipal bonds, showing the embattled Bond insurer is able to attract new business despite the credit crunch. ...

Source: www.forbes.com --- 23 days ago
The firm ups its stake in MBIA and Ambac in the third quarter, sending shares soaring. ...

Source: www.marketwatch.com --- 29 days ago
BOSTON (MarketWatch) -- Bond-insurer shares rose ahead of Friday's opening bell after MBIA Inc. said its second-quarter net income rose to $1.7 billion. MBIA rose about 9% in premarket trading, while Ambac Financial Group Inc. was up nearly 8%. Meanwhile, mortgage giants Fannie Mae and Freddie Mac also gained ground ahead of Fannie's expected quarterly earnings report, and Washington Mutual Inc. was up 4% at last check. ...

Source: www.forbes.com --- 23 days ago
Mutual fund dramatically raises its stakes in MBIA and Ambac in the third quarter. ...

Source: www.fxstreet.com --- 36 days ago
In terms of spread movements and new issuance it has been a relatively quiet week. The IMF once again raised concerns on the state of global financial systems, where the ability by banks to raise new capital may be more constrained going forward. That said, Merrill Lynch raised USD8.5bn of capital during the week. The reporting season continues both in the Nordic region and internationally. This week has seen credit spreads moving a little tighter with iTraxx Europe and Crossover currently ...

Source: www.moreover.com --- 20 days ago
Airport Business Aug 17 2008 1:36AM GMT ...

Source: www.thedeal.com --- 36 days ago
Always in need of a lift as they continue to take structured finance related hits, the Bond Insurers rallied Friday on news that number two monoline Ambac Financial Group Inc. wiped one of its... ...

Source: www.housingwire.com --- 9 days ago
We know there’s a joke in this, or perhaps poetic justice, but the fact that credit woes emanating from the U.S. are continuing to wreak havoc on France’s largest banks must be a never-ending source of frustration for a country well known for its love/hate relationship with the States. More U.S.-led pain came in the [...] ...

Source: www.thedeal.com --- 22 days ago
Standard and Poor's and its ratings agency peers have caused much heartache and pain among shareholders of the major Bond Insurers due to a mix of downgrades and negative reviews. But on Friday, Aug.... ...

Source: www.biggerpockets.com --- 24 days ago
Bond Insurers are virtually never discussed as a pivotal and responsible party in the subprime mortgage meltdown. Companies like Ambac and MBIA this week used a new accounting rule to post deceptive earnings gains after multiple quarters of multi-million dollar loses. The duplicity of the Bond Insurers in earnings reports and the over-all “asleep at the wheel” subprime insurance they issued deserves an airing out…so here goes. Wall Street knew they’d need a form of insurance to entice pension funds, foreign banks, and other investors to buy the subprime mortgage backed securities they created called CDOs or collateralized debt obligations. A CDO is a form of Bond and therefore the Bond insurance companies would need to be recruited to complete Wall Street’s high risk scheme to help make CDO investment look less risky. Was Wall Street trying to pull a fast one on the Bond Insurers? Sure, but that’s to be expected. Bond Insurers job is to ferret out the bad bets and only lend their stamp of approval to investments that pass muster. But before we continue let’s look at Bond Insurers in general. This is a Bond Insurers business model…insure investors against loss - both principal and interest. Bond Insurers typically make their money from truly low risk state and municipal Bond insurance. Rarely do those types of bonds default, so the insurance a company issues to cover any losses to investors rarely needs a claim paid. However, when Wall ...

Source: www.marketwatch.com --- 22 days ago
MarketWatch's daily rundown of news involving financials and subprime mortgages. ...

Source: www.lloyds.com --- 22 days ago
By Lavonne Kuykendall Of DOW JONES NEWSWIRES CHICAGO -(Dow Jones)- As banks step forward to help customers whose savings are trapped in illiquid debt securities, Bond insur... ...

Source: investment-blog.net --- 6 days ago
MBIA rallies on reinsurance deal Bond, mortgage Insurers gain early; investors mull Fannie shakeup By John Spence, MarketWatch Last Update: 8/28/2008 1:11:00 PM BOSTON (MarketWatch) — Shares of mortgage and Bond Insurers rallied Thursday on news that MBIA Inc. is in a deal to reinsure billions of dollars in municipal bonds, showing the embattled Bond insurer is able to attract new [...] ...

Source: www.talkstocktrading.com --- 10 days ago
Monday morning has been kind to the Bond Insurers. PMI Group (PMI) traded up over 15 percent and Radian Group (RDN) traded up 8 percent. Ambac (ABK) picked up close to 8 percent and MBIA, Inc. (MBI) rose close to 5 percent. All four stocks have surrendered some of the morning’s gains and historically, Mondays are particularly unkind to the markets. Just before noon the Dow had [...] ...