PMI Posts First Loss on Rising Home Borrower Defaults (Update1)
Story date: 2007-10-30 06:23:00
Added on: 2007-10-30 07:21:17
Bloomberg - Oct. 30 (Bloomberg) -- PMI Group Inc., the second-largest U.S. mortgage insurer, posted its first quarterly loss since its 1995 public offering as borrower defaults rose in September, forcing the company to pay more to bail out lenders from bad loans ...
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