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FHA Announces New Regulations to Strengthen Risk Management

On Monday, the ""Federal Housing Administration"":http://portal.hud.gov/portal/page/portal/HUD/federal_housing_administration (FHA) announced new rules to further reduce and better manage [IMAGE] counterparty risks to its insurance funds. These regulations will increase the net worth...

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FHA Pulls Approval from Two Mortgage Lenders

...Houston, Texas. [IMAGE] The actions prevent the two lenders from originating and underwriting new FHA-insured mortgages or from participating in the FHA single family insurance program. HUD's Mortgagee Review Board...

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TARP Repayments Reach $181 Billion

...collected full repayment on Troubled Asset Relief Program (TARP) money given to insurance and investment firm ""Hartford Financial Services Group, Inc."":http://www.thehartford.com in the sum of $3.4 billion, as well as...

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ZC Sterling Changes Name to Sterling National Corporation

...Sterling National Insurance Agency, Sterling Property Tax Solutions, Inc., Sterling National Enterprises LLC, and Westwood Insurance Agency, Inc. Sterling National Corporation provides hazard insurance and outsourcing services, voluntary homeowners insurance,...

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Regulator Seizes Ambac’s Subprime Assets

The ""Wisconsin Office of the Commissioner of Insurance"":http://oci.wi.gov has taken control of mortgage bond insurer ""Ambac Assurance Corp.'s"":http://www.ambac.com/Press/032510.html ""most troubled holdings,"" as the insurance commissioner phrased it. [IMAGE] The commandeering...

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