The data leak at Municipal Bond Insurance Association, the nation’s largest bond insurer, compromised the data of thousands of local U.S. government entities. Now there are charges the company knew about the breach, but did nothing at first.
Due to a misconfiguration in a company Web server on Monday, Municipal Bond Insurance Association, the nation’s largest bond insurer, exposed countless customer account numbers, balances and other sensitive data, according to the same security firm that called the Home Depot data breach.
Lender Flagstar Bank doesn’t exactly personify the old ‘phoenix rising from the ashes’ story line, but it’s pretty close. With most rep and warrants litigation behind it, the firm's stock is gaining traction in the eyes of at least one analyst group.
Monoline insurer MBIA managed to distance itself from loans tied to the bankruptcy estates of Residential Funding Co., Residential Cap and GMAC. The company sold its interest in claims against the firms this week.
It’s been a rough few years for bond insurer MBIA, but after settling legacy mortgage-backed securities litigation with Bank of America and Société Générale, the bond insurer assured investors this week in a securities filing that all major doubts about the firm’s future are over.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More