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Real Estate & Property Law

: Housing Wire

PMI Looks to Raise Capital, Faces Liquidity Issues

By PAUL JACKSON

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Mortgage insurer PMI Group Inc. (PMI: 0.54 +17.39%) said Thursday in a filing with the Securities and Exchange Commission that it was exploring alternatives to enhance liquidity and capital, as the U.S. mortgage insurance business continues to be a significant drag on the company’s assets. “Unless we raise capital to support PMI, its policyholders position [...]

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

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