National Public Finance Guarantee Corp. Becomes Primary Insurer on Previously Reinsured FGIC Policies
But the bottom line is that the information is important, there’s high natural interest, and it has high application value.” SumZero You have to be a member of SumZero to submit, and you have to submit to see other submissions. Once that’s out of the way though, you can imagine how valuable this information is. It includes a member’s title, length of employment, salary (obviously), fund type, bonus, and location. There are services that do this already, but they charge thousands of dollars for this kind of information.
Weil’s View on Finance, Afternoon Edition
( MBI ), today announced that the Plan of Rehabilitation for Financial Guaranty Insurance Company (FGIC) that includes a Novation Agreement between FGIC and National has become effective as of August 19, 2013 (the Effective Date). Covered Policies (as defined in the Novation Agreement), that previously benefited from the reinsurance agreement and second to pay policies entered into by MBIA Insurance Corporation in 2008 and subsequently assigned to and reinsured by National in 2009, have been novated to National, which now becomes the primary insurer under the policies. Policyholders are supported by Nationals financial strength, substantial claims-paying resources and established operating platform as FGIC has been released from all future obligations under the Covered Policies, said Dan McManus, Nationals General Counsel. We expect that Moodys Investors Service will now apply the higher of Nationals rating or the underlying rating to Covered Policies. Copies of the relevant policyholder documentation as well as a complete listing of Nationals insured portfolio, including the FGIC Covered Policies novated to National, can be found on Nationals website at http://www.nationalpfg.com/html/policyHolderDoc.aspx Forward-Looking Statements This release includes statements that are not historical or current facts and are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words believe, anticipate, project, plan, expect, intend, will likely result, looking forward or will continue, and similar expressions identify forward-looking statements.
The agency last year instructed Fannie and Freddie to recognize losses on loans that have been delinquent for more than 180 days, but theyre still doing things the old way. While it isn’t exactly a surprise to learn their numbers arent reliable, its good to get this issue out in the open finally. Germany profits from the euro crisis? Germanys government will save 40.9 billion euros ($55 billion) in interest payments in the years 2010 to 2014, Der Spiegel reports, citing figures from the countrys finance ministry. The sum represents the difference between actual and budgeted interest payments.