Barron’s says MBIA Could Suffer If Subprime Mortgage Market Worsens
Huge, New York Stock listed MBIA, Inc., through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants worldwide.
MBIA could sustain claims losses exceeding a half-billion dollars if the subprime mortgage market worsens, according to Barron's. The company might have to issue more stock, diluting shareholders, it says.[tags] subprime loans, foreclosures, home loans, real estate bubble, housing bubble, mortgage market[/tags] condos downtown San Diego
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What were the government regulators doing while banks and mortgage brokers were issuing these subprime loans?
Ryan
San Diego California Plastic Surgery
Seems there should have been more government regulation and tighter qualification for subprime mortgages in order to prevent what we’re now facing.
Garth
San Diego Clinical Trials
It’s just surprising that so many people with the clear signs that were present in 2004 and 2005 didn’t say that the San Diego real estate bubble was about to bust
Richard
California Bail Bonds