Heartland Newspapers - Insurance and Finance

Govt. Goes After Firm After It Downgrades US Debt

Steve Stanek
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May 15, 2012
Credit rating firm Egan-Jones cuts its rating on U.S. government debt to "AA" from "AA+" in April, with a negative watch.

Student Loan Debt Tops $1 Trillion; Some Want Loan Forgiveness

Steve Stanek
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May 15, 2012
As Congress debates whether to extend the current 3.4 percent interest rate on federal student loans or to let that rate expire and double to its previous level of 6.8 percent, there comes this new

The Cost of Radical ‘Densification’ in California Housing

Wendell Cox
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May 15, 2012
My April 9 commentary in The Wall Street Journal (“California Declares War on Suburbia”) outlined California's determination to virtually outlaw new detached housing.

Moral Hazard Worries Delay Mortgage Write-Down Decision

Steve Stanek
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May 15, 2012
Probably few mortgage borrowers know who Ed DeMarco is, yet millions of them collectively could save more than $700 billion if he decides to allow Fannie Mae and Freddie Mac to forgive some mortgag

Home Prices Hit 10-Year Lows

Phil Britt
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May 14, 2012
Home prices hit new post-bubble lows nationally in February, reaching their lowest levels since 2002, according to the most recent S&P/Case-Shiller home price report.

A Plan to Restore Trust in Mortgage-Backed Securities

Anthony Randazzo
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May 14, 2012
More than $5.8 trillion in home mortgage debt in the United States is now either owned or guaranteed by a federal entity—Federal Housing Administration (FHA), Ginnie Mae, the Veterans Housing Admin

Economist to NY Federal Reserve: ‘Nothing Good Goes On In This Place’

Robert Wenzel
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May 14, 2012
Economist Robert Wenzel edits and publishes the EconomicPolicyJournal.com Web site, where he regularly takes Fed policies to task.

Florida Insurer Issues Largest Catastrophe Bond in History

Ray Lehmann
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May 14, 2012
Everglades Re Ltd., the first-ever catastrophe bond from Florida’s Citizens Property Insurance Corp., will go down as the largest single-tranche, single-peril catastrophe insurance bond in history,

Flood Insurance Program, Up for Renewal, Nears Insolvency

Matthew Glans
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May 11, 2012
Will the federal government have a National Flood Insurance Program beyond the middle of this summer?

Bankers Address Crisis Prevention, Morgan Reports $2B Trading Loss

Phil Britt
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May 11, 2012
Just a few hours after Federal Reserve Chairman Ben Bernanke addressed the Fed’s 48th Annual Conference on Bank Structure and Competition in Chicago, JP Morgan Chase announced it had suf
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