Items Tagged with 'Thomson Financial'


  • Triad Posts $150 Million Q1 Loss

    Triad Guaranty Inc. [stock TGIC][/stock] said late Monday it swung to a huge first-quarter loss of $150 million, or a $10.09/share loss, from net income of $17.3 million, or $1.16/share, last year. To say the quarterly loss missed estimates would be an understatement -- analysts had expected a loss of $2.61/share, according to Thomson Financial.
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  • Wachovia Posts Unexpected Q1 Loss; Will Raise Capital

    (Update 1: includes updated look at mortgage exposure) Wachovia Corp [stock WB][/stock] said Monday morning that it lost $393 million, or $.20/share, during the first quarter of 2008 as the nation's fourth largest bank struggled with its exposure to the troubled U.S. mortgage market. The earnings miss contrasted with earnings of $2.3 billion, or $1.20/share, in the year ago period.
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  • MGIC Posts Huge Q4 Loss, Says More to Come

    MGIC Investment Corp. swung to a huge fourth quarter loss, as it pumped $1.2 billion into reserves for future losses -- and said there was more to come. The mortgage insurer reported a quarterly net loss of $1.47 billion, $18.17/share, compared to earnings of $121.5 milion, $1.47/share, in the year-ago period.
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  • MBS Issuance Falls in 2007

    Reuters reports: U.S. mortgage-backed securities issuance totaled $922.1 billion in 2007, down from $1.052 trillion a year ago, Thomson Financial said on Monday. Lehman Brothers was the top underwriter of U.S. mortgage-backed securities for 2007, maintaining its year-ago status, the financial data firm said. Lehman Brothers underwrote 111 issues of mortgage-backed bonds, totaling $95.8 billion, a 10.4 percent market share.
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  • The Kitchen Sink for Dec 30-Jan 1

    Welcome to the Kitchen Sink for this long New Year's weekend! In each weekend's Kitchen Sink, HW highlights key housing coverage and opinions from media outlets throughout the U.S., as well as key insight from housing blogs across the Web. Check this post throughout the weekend.
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