PMI Posts First Loss on Rising Home Borrower Defaults (Update3)
Story date: 2007-10-30 10:55:00
Added on: 2007-10-30 15:00:38
Bloomberg - Premium revenue rose 20 percent to $256.8 million as the number and size of the loans insured by PMI increased. Mortgage insurers are selling more coverage as lenders seek to lower their risk and make loans attractive to investors. ...
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