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By Michelle A. Samaad |
March 19, 2012
The $3 billion Space Coast Credit Union recently filed suit against Merrill Lynch, Wachovia Capital, Barclays Capital, Lehman Brothers’ former CEO Richard Fuld and major U.S. credit rating agencies, Standard & Poor’s and Moody’s, alleging that the defendants caused more than $100 million in losses to Eastern Financial Florida...
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By Michelle Samaad |
March 12, 2012
Doug Samuels, president/CEO of Space Coast Credit Union, knows its mortgage securities suit against several Wall Street giants may be an arduous undertaking.
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By Marc Rapport |
January 31, 2012
Open Solutions Inc.’s outlook on its immediate future differs than that of one of the leading raters of debt.
While continuing its “B” corporate credit rating on the privately held core processing company, Standard & Poor’s said it has downgraded its outlook “to negative from stable, reflecting uncertainty as to the...
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By David Morrison |
December 4, 2011
The ongoing saga involving PMI Mortgage Insurance and CUNA Mutual Group Mortgage Insurance entered into a new stage on Thanksgiving Eve when the PMI Group, PMI MI's holding company, filed for bankruptcy in federal court.
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By Michelle A. Samaad |
October 3, 2011
Despite some changes to their operations, the SEC said credit rating agencies still have more room to improve.
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By Bill Hampel |
August 31, 2011
Following two years of modest but positive economic growth, the past few weeks have been unsettling. The U.S. government came unnervingly close to a self-induced default. Real sovereign debt crises at a number of European countries threaten another banking crisis in Europe.
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By Michelle A. Samaad |
August 31, 2011
CMG Mortgage Insurance Co. said that a recent action by Arizona’s Department of Insurance placing PMI Mortgage Insurance Co. under supervision will not impact the firm’s new business originations or servicing of existing policies.
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By Bill Hampel |
August 28, 2011
Following two years of modest but positive economic growth, the past few weeks have been unsettling.
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By Bill Brooks |
August 24, 2011
The ride that the stock market has given us over the past weeks has had all the thrills of a great theme park roller coaster. It started with the slow tick, tick, tick as our political leaders did little to resolve the debt problem. Then we had quick and furious...
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By Claude R. Marx |
August 16, 2011
Saying that the United States’ key pillars of creditworthiness are intact, Fitch Ratings keeps AAA rating on U.S. credit.
