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Real Estate & Property Law

: Housing Wire

PMI Sees Losses Widen as U.S. Insurance Woes Continue

By PAUL JACKSON

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The third quarter was less-than-kind to the PMI Group, Inc. (PMI: 2.71 +8.84%), with the mortgage insurer announcing Monday morning a third quarter loss of $149.3 million, or $1.83/share; the loss widens a year-ago quarterly loss of $110.6 million, or $1.32/share. Revenues at the company’s U.S. insurance unit, which comprise the bulk of its business, [...]

Full post as published by Housing Wire on November 03, 2008 (boomark / email).

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