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S&P Credit Research1443 word report
published Sep 12, 2008
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S&P Credit Research
| Abstract: | The depressed U.S. housing market has created some obvious victims, with banks and other lenders, homebuilders, and some Wall Street investment houses taking a very public beating. But caught in the quagmire of sinking home prices and deflated sales volume are two smaller industries whose prospects have also been pummeled by the real estate collapse--title insurers and mortgage insurers. Title insurers protect lenders and homeowners against the risk that a piece of property isn't fully their own because of unknown liens, assessments, boundary disputes, or other complications. Mortgage insurers, on the other hand, specifically protect lenders against defaults by homeowners, who typically must pay for this insurance if they bought their home with less than 20% down. With home sales
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| Brief Excerpt: | RESEARCH Ratings Definitions Mortgage And Title Insurers: Also Sucked Into The Housing Swamp Publication date: 12-Sep-2008 Primary Credit Analysts: James Brender, New York (1) 212-438-3128; james_brender@standardandpoors.com Rodney...
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| Report Type: | Commentary
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| Sector: | Financial Institutions, Global Issuers, Insurance, Public Finance, Residential MBS, Structured Finance
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
