Mortgage insurer reports big loss
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US mortgage insurer MGIC reports a $1.47bn loss, hit by higher payouts to cover increasing bad debt levels.
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Barclays PLC  may have tallied big losses in a Bear Stearns Cos.  hedge fund that invested in risky mortgages, The Wall Street Journal reported on Saturday.
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Mortgage lender's shares plummet more than 20% after Bank of England intervention.
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The property insurance industry had record third-quarter losses this year after a series of storms, including a string of hurricanes, according to an actuarial firm&#39;s preliminary estimate.
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Business & money: Heavy losses on stock market as investors worry that combination of rising interest rates and falling house prices will have damaging impact.
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Capital One Financial of McLean posted its first quarterly loss ever, from the expense of shutting down its mortgage lender, and warned of additional challenges in the credit card and auto finance businesses.
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Quality Distribution is hammered after reporting a large loss for the second quarter.
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Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , on Tuesday posted a fourth-quarter loss, hurt by mounting defaults in a sinking housing market.
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MBIA Inc, the world's largest bond insurer, said it had guaranteed $8.1 billion of the riskiest mortgage securities, imperiling its entire net worth and sending its shares plunging 26 percent.
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The mortgage lender posted a fourth-quarter loss of $509.1 million as it raised its loan-loss provisions to account for growing defaults and foreclosures.
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Higher customer fees offset rising loan losses and pressure from interest rates and mortgage lending.
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Merrill Lynch & Co Inc  reported on Wednesday the biggest quarterly loss in its history after writing down $8.4 billion, mostly from bad investments related to risky subprime mortgages.
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America&#39;s biggest mortgage lender was thrown into turmoil yesterday when the industry watchdog accused it of having major accounting problems and doubted the &quot;soundness&quot; of the company.
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Countrywide Financial Corp , the mortgage lender being acquired by Bank of America Corp , posted a larger-than-expected $421.9 million quarterly loss on Tuesday as more homeowners fell behind on payments.
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A heavy loss by the bond insurer MBIA and the prospect of new downgrades in the bond insurance industry sent Wall Street sharply lower in early trading.
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Driving the companyâs loss, which amounts to $31.85 a share, was a $5.21 billion write-down on its portfolio of credit derivatives.
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Countrywide Financial Corp   posted a $1.2 billion third-quarter loss on Friday, but its  shares soared after the largest U.S. mortgage lender said it  expects to be profitable in the fourth quarter and in 2008, and  has weathered the worst of the housing downturn.