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Real Estate & Property Law

: Housing Wire

Moody?s Slashes Mortgage Insurers

By DIANA GOLOBAY

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Moody’s Investors Service announced on Friday sweeping downgrades among top U.S. mortgage insurers as delinquencies and foreclosures remain at historic high levels and the capital of these institutions is challenged. Moody’s downgraded PMI Mortgage Insurance Co. to Ba3 from A3, demonstrating a belief at the rating agency that “the franchise value among mortgage insurers generally [...]

Full post as published by Housing Wire on February 17, 2009 (boomark / email).

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