Comments on: AIG on the hook for another $14.5 billion on credit rating cuts http://blownmortgage.com/2008/09/16/aig-on-the-hook-for-another-145-billion-on-credit-rating-cuts/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Fielding Mellish http://blownmortgage.com/2008/09/16/aig-on-the-hook-for-another-145-billion-on-credit-rating-cuts/comment-page-1/#comment-13149 Fielding Mellish Tue, 16 Sep 2008 16:31:59 +0000 http://blownmortgage.com/?p=1296#comment-13149 AIG's mortgage insurance arm is UGI (United Guaranty). If AIG goes under, does that mean UG will not pay any MI claims? Or would some MI claims still be paid? If UG fails to pay claims, it seems to me that FNMA & FHLMC would lose big-time, which would mean we taxpayers lose. No surprise there, I guess. AIG's mortgage insurance arm is UGI (United Guaranty). If AIG goes under, does that mean UG will not pay any MI claims? Or would some MI claims still be paid? If UG fails to pay claims, it seems to me that FNMA & FHLMC would lose big-time, which would mean we taxpayers lose. No surprise there, I guess.

]]> By: doug http://blownmortgage.com/2008/09/16/aig-on-the-hook-for-another-145-billion-on-credit-rating-cuts/comment-page-1/#comment-13148 doug Tue, 16 Sep 2008 14:17:16 +0000 http://blownmortgage.com/?p=1296#comment-13148 I hope they go down in flames. I hope they go down in flames.

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