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Names return to Lloyd`s in downturn
Prime minister Edward Heath, Lord Archer, Michael Howard. The roll call of Britons who have wagered their fortunes backing the Lloyd's insurance market is long and often illustrious
FT.com

Dallas attorney Mike Barrett dies
Dallas attorney Michael C. Barrett, founder and chairman of mortgage banking law firm Barrett Daffin Frappier Turner & Engel LLP, died Sunday, Jan.11 at his Dallas-area home.
Bizjournals.com

Prime time for praisers
Business News: Donkis, Fehily partner for new PR company -- Michael Donkis, longtime publicist for the talent agency Endeavor, will leave the percentery to partner with former PMK/HBH senior veep Joy Fehily in Prime, a new PR company.
Variety

California Earthquake Would Accelerate U.S. Mortgage Meltdown, Reveals Aon Benfield Study
In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both U.S. and international financiers, according to an analysis released Jan. 5 by Impact Forecasting LLC, a division of Aon Benfield, the world's premier reinsurance intermediary and capital advisor.The “Annual ...
InsuranceHeadlines.com

Three sentenced in mortgage fraud scheme
Three South Floridians have been sentenced for their participation in a mortgage fraud scheme. Yadira Garrido was sentenced to a little more than three years in prison and ordered to pay $5.3 million...
Big News Network

HUD delays new home builder rule
The U.S. Department of Housing and Urban Development will delay the implementation of a rule that Drees Co. and a host of national home builders fear will damage their relationships with affiliated mortgage providers.
Bizjournals.com

One-Stop Shopping Calamity
The news that Citigroup is considering selling half its Smith Barney brokerage unit to Morgan Stanley is seen as evidence that Sandy Weill's plan for a one-stop financial shop is officially dead. But the financial supermarket is the bad idea that just won't die.It certainly makes sound sense on paper: let customers get all their banking needs from one financial institution. Credit cards, checking accounts, mortgages, brokerage services, insurance — keep it all under one roof. Cross-sell to your heart's content. Sell mortgages to your brokerage customers and offer to underwrite deals for your corporate bank customers. During the 1990s, Weill commandeered his own financial merger frenzy, combining his Shearson Lehman brokerage with Travelers Group, Aetna Life & Casualty, and Salomon Brothers before eventually merging it all in a megadeal with Citicorp in 1998. But Citigroup was never able to get the one-stop shopping to work. The firm, bloated by its consolidated income stateme
Portfolio

RBS fails to pass on full rate cut
The RBS Group has announced that it will only pass on last week’s Bank of England base rate cut to some customers.The banking group, which includes NatWest and the RBS, said those on tracker mortgages and small business with variable rate overdrafts would benefit from the full 0.5% cut.However, individual mortgage holders on the standard [...]
Finance Markets

Govt could underwrite UK mortgages
The government could be about to underwrite UK mortgages in a bid to kick-start the housing market.
Moneynet.co.uk

Pittsburgh-based commercial mortgage banker HFF cuts 12 percnt of its workforce
A Downtown Pittsburgh-based commercial mortgage banker is scaling back amid one of the worst real estate markets in recent memory. Publicly traded HFF LP, previously known as Holliday Fenoglio Fowler...
Big News Network

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