insurance company vision statement
GE Mortgage Insurance today released the following statement in response to the decision by Standard and Poor's to put GE Mortgage Insurance on CreditWatch:
S & P made its decision despite the fact that our capital position has never been stronger.
The S & P action is based on a change in methodology rating from S & P, not on any change in the financial condition of GE Mortgage Insurance. S & P noted that changes within its rating criteria "and limit the number of support for a strategically important subsidiary to one notch below the rating of the parents" unless there is significant express consent of a parent support further evaluation. We believe we have an agreement from GE Capital, which is rated AAA by Standard & Poor's. Our support implicit and explicit GE Capital has not changed.
GE Mortgage Insurance always has been one of the strongest capitalized participants in the industry mortgage insurance and capital continues well above S & P "AAA" requirements. In fact, we have operated with minimal risk to capital ratio (the measure given the industry portfolio capitalization of a venture company) in the industry over the past five years.
The other two rating agencies, Moody's and Fitch continue to recognize the unmatched financial strength of GE Mortgage Insurance. Both agencies recently reaffirmed their ratings for the company in "AAA", its highest level.
We appreciate the fact that Standard & Poor's sees GE Mortgage Insurance has "strong fundamentals" and "very strong revenue and market position, extremely strong capitalization and deep and experienced management." These factors make it clear why GE Insurance includes enhancements such as mortgage insurance in its vision for the future.
GE Mortgage Insurance (Web site: href = "http://www.gemortgageinsurance.com)"> http://www.gemortgageinsurance.com) is part of GE Insurance, a global family of insurance and reinsurance companies with U.S. $ 13.6 billion in premiums and assets of $ 188 million. GE Insurance provides life insurance, retirement income products, property and casualty insurance, services risk prevention, mortgage insurance, and selective financial guarantee insurance. GE Insurance is part of General Electric Company, a diversified services, technology and manufacturing company with operations worldwide.
Get a car loan the Smart Way
Did you know that most people pay hundreds or thousands of dollars in auto loans that they have to? Get a car loan wisely. Keep reading.
Most people really get taken for a ride of your auto loan. Did you know that differences in the total cost of different auto loans can be executed a thousand dollars or more? Here's how you can get the lowest rate:
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Make a list of different mortgage lenders cars and interest rates and terms, before going to the dealer (the web is usually the easiest way to do this). Did you know that dealers are a commission on the loans they refer? If you are not careful, that little more money for the lender could mean paying a higher rate than would if you got the loan yourself.
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Get a credit report and calculate your FICO score. Removing any information negative error of his report will help you get a better deal. Knowing exactly what your score is will help find out what interest rate actually can get.
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Poor credit? Try going to your credit union, bank or other institution where you have a relationship. Lenders to help customers set. If your bank still will not help, online "bad credit auto loan" lenders usually offer better loan less expensive than dealers who advertise their great deals for people with bad credit.
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Use a vehicle loan calculator. It will tell you that your loan will cost each month. You save the time to look for vehicles that can not afford, makes you aware of the information you need borrowing, and is a "reality check" of your financial situation.
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Comparison shop, comparison shop, compare prices. Not getting the cheapest car by choosing a dealer at random, and will not get the car loan cheaper that way, either.
Start researching your options now:
Get credit reports and FICO scores here:
Use this vehicle loan calculator:
Comparison shop among these lenders:
About the Author:
i m Gaurav Walia. i m good author
Article Source: ArticlesBase.com – Ge Mortgage Insurance Issues Statement on S&p Credit Watch Action & Get an Auto Loan the Smart Way
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