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Real Estate & Property Law

: Housing Wire

New Capital for New Private Mortgage Insurer

By DIANA GOLOBAY

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Essent US Holdings secured $500m in equity funding from a group of investors including Pine Brook Road Partners, Partner Re, Renaissance Re, Goldman Sachs (GS: 144.65 +3.31%) and JP Morgan Chase (JPM: 36.65 +5.74%). The capital will allow Essent Guaranty, a Pennsylvania-based monoline, to offer private mortgage insurance on residential US property. Essent’s mission, according to a [...]

Full post as published by Housing Wire on May 27, 2009 (boomark / email).

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