PMI Falls on Expected Loss From Borrower Defaults (Update3)
Story date: 2007-10-18 02:36:00
Added on: 2007-10-18 18:00:22
Bloomberg - The cost of paying claims to mortgage lenders is expected to increase fivefold from the same period a year earlier to about $350 million, Walnut Creek, California-based PMI said in a statement today. Stagnant home prices make it harder for banks to ...
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