Heavy Hitters: Carl Icahn Reveals New Position, Warren Buffett Made Bank on Financial Crisis

Shares of American International Group (NYSE:AIG) sank 1.6 percent on Monday. AIG’s mortgage insurer, United Guaranty, whose number-one competitor is the Federal Housing Administration, is attempting to entice borrowers with the hope that they will avoid delays arising from the partial government shutdown. The division has sent a message to clients emphasizing its willingness to accept paperwork that had been prepared for the Federal Housing Administration. Spokesperson Jo Fleischer remarked in a Monday email that, “In light of the federal shutdown and the inability of FHA to do business as usual, United Guaranty is reminding our customers that we are a resource. We can underwrite any FHA submission with existing full documentation, and typically get our customer a decision within 24 hours.”

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