Items Tagged with 'Insurance'

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From HW Magazine

Managing litigation inside and out

How an in-house team of lawyers can benefit your company
Managing internal communications and preventing employees from destroying privilege, which can happen simply by including individuals outside the company on communications that are privileged, is one of the most critical aspects of litigation management.
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ComplianceEase now offering warranty for compliance defects

New program provides TRID, QM compliance insurance
ComplianceEase is now offering a warranty program for loans that are found to have compliance defects. The program, called AssureCert, is a comprehensive insurance-backed warranty program for loans that have been audited by ComplianceEase’s ComplianceAnalyzer solution.
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At long last: ING completes exit from disastrous US business ventures

Completes divestment of Voya Financial
With the sale of 45.6 million shares of Voya Financial, ING Group announced Wednesday that its exit from the U.S. retirement, investment and insurance business is complete. ING agreed to divest itself from Voya at the direction of the European Commission, as part of its bailout of ING.
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Radian: Mortgage delinquencies dropping

Book of new business increases
The news comes as no surprise as Monday Morning Cup of Coffee notes a Bank of America Merrill Lynch report finds business at the Federal Housing Administration, the government-backed mortgage insurance provider, is collapsing for various reasons.
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MGIC CEO retires, Patrick Sinks fills role

Curt Culver becomes non-executive chairman
MGIC Investment Corporation announced Curt Culver, 62, will retire as CEO and become non-executive chairman. Patrick Sinks, 57, will step in to become CEO, in addition to joining the board of directors.
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MGIC beats estimates with $231.2M revenue in 2Q2014

Net income triples year over year
MGIC Investment Corporation on Wednesday morning reported revenue of $231.20 million for the quarter, compared to the consensus estimate of $237.13 million. During the same quarter in the prior year, the company posted $0.03 earnings per share.
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FHFA seeks to reduce private insurance risk

Calls for input on draft requirements
The Federal Housing Finance Agency is trying to reduce its credit risk after taking a giant hit from the financial crisis. As a result, it is seeking input on drafting new requirements that would apply to private mortgage insurance companies.
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