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Loan Modification

: The Truth About Mortgage.com

AIG May Wind Down Mortgage Insurance Unit

By scot184

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Troubled insurance giant AIG may wind down its mortgage insurance unit United Guaranty after failing to turn the company around, according to a Bloomberg report. The company, which was the fifth largest private mortgage insurer based on 2008 sales, has posted more than $2.8 billion in operating losses since 2007, struggling like most others in the [...]

Full post as published by The Truth About Mortgage.com on May 01, 2009 (boomark / email).

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