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A collection of news and information related to Guaranty Corporation published by this site and its partners.
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Regulators probing alleged mortgage insurance kickback scheme
WASHINGTON — Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s. The Consumer Financial Protection Bureau, in disclosing...
Tags: Insurance, HSBC Holdings plc, Richard Cordray, U.S. Consumer Financial Protection Bureau, Economy, Business and Finance
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Feds fine four mortgage insurers $15 million for alleged kickbacks
WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them. The fines, which...
Tags: Insurance, Richard Cordray, U.S. Consumer Financial Protection Bureau, Economy, Business and Finance, Genworth Financial Inc
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Writing a new chapter in Napa's rebirth
What's a town gotta do to gain some cachet? The city of Napa has new homes, new hotels, new shops and new restaurants. The once-neglected river that runs through town has been reclaimed, historic buildings have been restored, and developers have poured...Tags: Restaurants, Metal and Mineral, Floods, Sports, Disasters and Accidents
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Should the government sell fire insurance?
Los Angeles Times Staff WriterToday, Carson and Rider assess the government's role in fire insurance. Yesterday, they discussed the difference between local and federal response to the fires in San Diego. Monday, they pointed fingers at the city's lack of preparedness. Later this...Tags: Homes, Interior Policy, Property, Career and Workplace, Pension and Welfare
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So you think your 401(k) money is safe
Times Staff WriterJim Elliott, 55, spends his days clambering onto the tops of houses, taking measurements for the wooden trusses his company sells to support roofs through long, snowy winters. Not long ago, Elliott thought his ladder-climbing days would soon be over....Tags: Heads of State, Homes, Interior Policy, Criminals, Investments
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How Bedrock Promises of Security Have Fractured Across America
Times Staff WriterFor more than two decades, Lowell Seibert made a living driving piles and erecting machinery across the industrial Midwest. But with mortgage payments, college tuitions and the prospect of retirement looming, Seibert traded in his outdoor job 14 years...Tags: Ford Motor Co., Aon PLC, George W. Bush, Economy, Business and Finance, Unions
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If America Is Richer, Why Are Its Families So Much Less Secure?
Times Staff WriterBy most conventional measures, Paul Fredo is an American success story. The son of a coal miner, he made almost $200,000 in the last year, enough to place him in the top 2% of wage earners. As a financial manager for the U.S. unit of Alstom, the French...Tags: Homes, Harvard University, Verizon Wireless, Milton Friedman, Social Security
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Retirement Savings Slim? You Can Make Up for Lost Time
Times Staff WriterEllen Hoffman has a simple message: It's never too late. No matter how old you are or how little you've saved, you can become retirement-prepared, says the author of "The Retirement Catch-Up Guide" (Newmarket Press, 2000). That idea, which may provide...Tags: Interior Policy, Economy, Business and Finance, Philadelphia (Philadelphia, Pennsylvania), Career and Workplace, Family
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The Pension Payout Decision
Times Staff WriterBob Solomon turns 65 soon, which will force him to make pivotal financial choices about his pension plan. His employer, National Distributing Co., offers a defined-benefit pension--the kind that provides a monthly income for life. At age 65, employees--...Tags: Interior Policy, Employers, Lawyers, Economy, Business and Finance, Career and Workplace
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Key Pension Issues
Times Staff WriterKey Pension Questions While 401(k) plans (defined contribution plans) are relatively easy to understand--you get out what you and your company put in, plus whatever you earned on your savings in the meantime--traditional defined benefit pensions can...Tags: 401K, Interior Policy, Employers, Social Security, Career and Workplace
Apr 4, 2013
|Story| Los Angeles Times
Apr 4, 2013
|Story| Los Angeles Times
Feb 1, 2012
|Story| AP Member Choice Complete
Jan 31, 2012
|Story| AP Member Choice Complete
Jul 8, 2009
|Story| Los Angeles Times
Oct 31, 2007
|Story| Los Angeles Times
Dec 10, 2006
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Dec 30, 2005
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Oct 10, 2004
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Jul 1, 2001
|Story| Los Angeles Times
Aug 19, 2001
|Story| Los Angeles Times
Aug 19, 2001
|Story| Los Angeles Times
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