"We believe that several of our mortgage insurance counterparties are at risk of falling out of compliance with regulatory capital requirements, which may result in regulatory actions that could threaten our ability to receive future claims payments, and negatively impact our access to mortgage insurance for high LTV loans. Further, one or more of these mortgage insurers, over the remainder of 2009 or in the first half of 2010, could lack sufficient capital to pay claims and face suspension under Freddie Mac’s eligibility requirements for mortgage insurers. "
"freddie warns on the mis." "We believe that several of our mortgage insurance counterparties are at risk of falling out of compliance" NO ONE SPECIFICALY MENTIONED...Forces you to use your imagination... I Will Continue To Hold!
Last night he posted a link to Freddie Mac's "rules" on requirements for mortgage insurers. But, the documented was dated Jan. 2008, and he failed to take a look at other things that have happened since -- including this:
This speaks more to private insurers. But, that brings up another point that I will mention again. Insurers are not just public entities. His quote may have nothing to do with any of the public companies.