AIG – $500bn of CDS exposure will further dent AIG’s value (AIG, rated SELL)
AIG is heavily exposed to the U.S. residential mortgage market: American General Finance, Inc. (AGF) originates principally first- lien mortgage loans and to a lesser extent second-lien mortgage loans to buyers and owners of residential housing; United Guaranty Corporation (UGC) provides first loss mortgage guaranty insurance for high loan-to-value first and second-lien residential mortgages; AIG insurance and financial services subsidiaries invest in mortgage- backed secu
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Tags: E, Financial Services, GA, Insurance, Loan, Mortgage, Services, The, U.S