Monthly Archives: March 2006

Bad Credit Surety Bond Programs

The end of the “soft market” in the surety bond industry brought about many cancelled bonds for high risk clients. Soon after high risk commercial bond programs came about, which built losses into the premiums. High risk bond programs go against traditional suretyship, but appear to be successful for the sureties who run them.

Differences Between Mortgage Banker Bonds And Mortgage Broker Bonds

Most bonding companies underwrite mortgage broker and mortgage banker bonds using the same guidelines. However, some consider banker bonds a riskier class of business and use stricter underwriting practices for them.

Mortgage Broker Bonds: Georgia

The Georgia mortgage broker bond is one of the more difficult mortgage broker bonds to place. The bond language is not favorable towards the surety or the principal. Therefore, most bonding companies refuse to write this particular bond.