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AIG to spin off mortgage insurance unit in sweeping overhaul – The insurer said it planned to streamline its business through divestitures, including the sale of AIG Advisor Group, a network of independent broker-dealers, to Lightyear Capital LLC and PSP.
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UPDATE 1-AIG to spin off mortgage insurance unit in sweeping overhaul – (Corrects paragraph 2 to say AIG is the biggest U.S. commerical insurer, not the biggest U.S. insurer) Jan 26 (Reuters) – american international group Inc said it would spin off its mortgage insurance.
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Central bank raises key metric used to determine mortgage eligibility – “Mortgage borrowers will be qualifying for less than they were able to earlier this year,” mortgage broker Samantha Brookes said in an email. “With all the new rule changes, we’ve definitely noticed.
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Scarce land could blunt recovery for U.S. homebuilders – With anecdotal evidence from homebuilders and mortgage brokers suggesting a pick-up in demand for residential. (Editing by Mathew Veedon and Robin Paxton).
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(Reuters) – American International Group Inc (AIG.N) said it would spin off its mortgage insurance unit, cut jobs and sell its broker-dealer network as part. Editing by Robin Paxton Our.
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